HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and Chairman of Alwaleed Bin Talal Humanitarian Foundation in Lebanon, met with HE Former Prime Minister of Lebanon, Sheikh Saad Ed Deen Rafiq AlHariri at the George V hotel Four Seasons in Paris.
After the Prince welcomed HE Sheikh Saad, and two held discussions regarding the bi-lateral relations and warm friendship between their two countries, as well as regional and global issues. Sheikh Saad commended Prince Alwaleed on his support of Lebanon especially through his investments, as well as his charitable and humanitarian contributions since more than 20 years ago.
The “Alwaleed Bin Talal Humanitarian Foundation”, in Lebanon is vice chaired by H.E. Ms. Leila El Solh. The Foundation covers all the Lebanese humanitarian issues and provides medical, health and social assistance to orphanages, infirmaries, prisoners and the disabled and educational and cultivation assistance for the development of projects in the economical and agricultural sectors across all communities in Lebanon. The Foundation was awarded the Pontifical Medal by Pope Benedict XVI during a ceremony to mark the occasion held at the Vatican in 2008. The medal was in recognition of the achievement and efforts made by the Alwaleed Bin Talal Humanitarian Foundation for encouraging tolerance between the different religious faiths and social groups in Lebanon, and promoting religious dialogue. Moreover, the medal acknowledged the Foundation’s philanthropic activities and support to those in need regardless of their background and creed. Ms. El Solh personally received the medal from the Pope at the Vatican.
In 2010, HE President Michel Suleiman, Prince Alwaleed, HE Nabih Barri, Speaker of Parliament and Sheikh Saad inaugurated the Four Seasons Hotel, Beirut. The Hotel is managed by Four Seasons Hotels and Resorts, in which KHC, holds a 47.5% stake based in Canada.
Kingdom Holding company investments in Lebanon includes a 92% ownership in the Movenpick Beirut in the hotels sector, and investments in the financial sector through Citigroup. HRH’s private assets and investments in the media sector in Lebanon include Rotana and LBC, and various Lebanese newspapers. Prince Alwaleed also owns stakes in Al Nahar and Al Diyar newspapers.