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Prince Alwaleed Chaired Alinma Jeddah Economic City Fund Board Meeting in Riyadh

February 5, 2018

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, Chairman of Kingdom Holding Company (KHC), Chaired on Sunday 04th of February 2018, the board of directors meeting of Alinma Jeddah Economic City Fund (The Fund) at KHC headquarters in Riyadh. 

During the meeting, His Highness praised the signing of the infrastructure contract for Jeddah Economic City and Jeddah Tower project, which will make the area ready for development and investment.

The appropriate strategic plan for the project’s progress was approved starting with setting the dates of signing the electric power and the hotel management contracts for Jeddah Economic City and Jeddah Tower Project.

The meeting was attended by the board of the fund members Mr. Abdul Mohsen Abdul Aziz Al Fares, CEO of Alinma Bank and Vice Chairman of the Fund, Eng. Talal Al-Maiman, CEO of Kingdom Holding Company, Board Member of Jeddah Economic Company, Alshaikh Abdul Rahman Hassan Abbas Sharbatly, Mr. Fouad Abdullah Al Rashid, Dr. Mohamed Bin Ibrahim Al Sehibani, Arch. Hassan Sharbatly, Mr. Bandar Bin Khalid Al Turki, Mr. Munib Hammoud, CEO of Jeddah Economic Company, Mr. Mohammed Al Dowais, Chief Accounting Officer and Mr. Fahd bin Nafel, Business Development Manager – Local Investments of KHC.

Mr. Saleh Al Henaki CEO of Alinma Investment Company, Mr. Sultan AlKusayer, Fund Manager, Mr. Mohammed Al Eisa, Assistant Fund Manager, Mr. Ahmed Bin Nasser, Compliance Manager, and Mr. Mohammed Al Fantoukh, Head of Alternative Investment also attended the meeting.

Finally, His Royal Highness Prince Alwaleed bin Talal bin Abdulaziz Al Saud thanked the Board of Directors and the team working on this project.