HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended Bloomberg’s “The Year Ahead 2014” Business Summit that took place in Chicago, United States, on Wednesday 20th November 2013. The event was also attended by a KHC delegation.
Prince Alwaleed participated in an invigorating session titled “A conversation with HRH Prince Alwaleed” hosted by Mr. Erik Schatzker, Bloomberg Television. The session topics revolved around the global economy, Kingdom Holding Company and Prince Alwaleed’s local, regional and international investments, as well as his views on business strategies, and leadership. Prince Alwaleed also responded to political, economic and financial questions.
The two-day Summit at the Art Institute of Chicago brought together more than 250 CEOs, senior executives, public sector officials and thought leaders looking to test their assumptions and gain new ideas on sustaining success in 2014’s challenging economic climate.
The summit was attended by Mr. Shadi Sanbar, KHC’s Executive Director and CFO and Member of the Investment Committee, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman, Ms. Hassna Alturki, Department Head Travel and External Affairs, Mr. Naief Hussam Alzuhair, Manager, Website and Social Media and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.
HRH has significant investments in the US in the financial sector via Citigroup, in the media and entertainment sector through 21st Fox Century and in the hotel sector through the Fairmont New York Plaza one of New York’s most distinctive landmarks, Four Seasons hotel via the management of Four Seasons Hotels and Resorts in which KHC hold a 47.5% interest, and in the Social Media and Technology sector via Twitter.
His Highness first invested in Citigroup in 1991, and is the largest individual shareholder in the company. In 2008, Prince Alwaleed participated in a $12.5 billion private offering of convertible preferred securities of Citigroup. The new direct investment was made alongside an exclusive group of leading international investors. The Prince converted the preferred shares in 2009 into common shares (voting shares). Prince Alwaleed has 7% (voting shares) through KHC in 21st Fox Century and KHC that is 95% owned by Prince Alwaleed, is the second largest shareholder in 21st Fox Century after the Murdoch family. Moreover, 21st Fox Century owns 19% stake in Rotana that is chaired by Prince Alwaleed.
The New York Plaza that is owned 50% by HRH through KHC underwent a $400 million renovation and reopened a few years ago. The hotel is managed by Fairmont Raffles Hotels International (FRHI) in which KHC holds a substantial interest.
Furthermore, Alwaleed Bin Talal Foundation funded University Centers in the US for bridging the gap between East and West. These include a $20 million donation to Harvard University to create the University-wide Islamic Studies Program and $20 million donation to Georgetown University to create the Center for Muslim-Christian Understanding both supported in 2005. In addition in 2004, Alwaleed Foundation also made a $5 million donation to establish the Center for American Studies and Research (CASAR) at the American University in Beirut (AUB) and donated $10 million to finance both the construction of the Humanities and Social Sciences (HUSS) building in the new campus of the American University in Cairo (AUC).