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Prince Alwaleed Chairs Kingdom Holding Board Meeting Prince Alwaleed: “Kingdom Holding concludes 2014 with a strong performance”

December 21, 2014

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), held a board meeting, Monday 15th December 2014 at the Company’s HQ in Riyadh. The meeting was attended by KHC Board that is comprised of Eng. Talal Almaiman, Executive Director for Development and Domestic Investments, Mr. Sarmad Zok, Executive Director of Hotel Investments, Dr. Adel Alsayed, Executive Director for Private Equity, International Investments and the Non-Executive board members that included Mr. Shadi Sanbar, Senior Financial Advisor to the Chairman, Dr. Khaled Al-Saheem, Eng. Taher Agueel and Eng. Rasha Elhoshan, Prince Alwaleed represented Mr. Saleh Al Sagri during the meeting in his absence. The meeting was also attended by Mr. Mohammed Fahmy, KHC’s CFO, Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman, Mr. Mohammed Alduwais, Chief Accountant KHC, Mr. Majed Altoukhi, Director of Business Development & Operations KRED and Mr. Olivier Hochstaettler, M&A and Investments Director KRED.

 

The board meeting was held to oversee KHC’s performance in 2014, approve 2015 budget and operation strategy. Furthermore, the meeting outlined and fortified KHC’s diversified investment strategy, long term vision for growth and development, and for future prospective investment opportunities.

 

Prince Alwaleed commented: “Kingdom Holding concludes 2014 with a strong performance.”

 

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007.  KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. The Company is recognized as one of the largest foreign investors in the United States. KHC’s portfolio has its major interests in investment categories ranging from luxury hotels management hotel companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Mövenpick Hotels, Resorts AG and Swissotel) and real estate (Kingdom Tower and project in Jeddah and Kingdom Riyadh project) to hotel real estate investments such as (The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris and other hotels). KHC also has investments in Petrochemical (Tasnee) Media and Publishing (News Corporation and Saudi Research and Marketing Group), as well as in Entertainment (Euro Disney S.C.A). In addition, Finance and Investment services (Citigroup), Social Media and Technology (Twitter and Jingdong). Moreover, the Company has investments in Education (Kingdom Schools), Health Care (Medical Services Projects Company), Aviation (NAS Saudi Arabia) and Agriculture (Kingdom Agricultural Development Company – KADCO Egypt).