HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), met with Mr. Dick Costolo, CEO of Twitter at the Fairmont Hotel in Seattle, Washington.
During the meeting, Mr. Costolo thanked the Prince for giving him the opportunity to meet with him. Moreover, the two discussed the latest technical, financial and organizational developments in Twitter.
The meeting was also attended by Ms. Nada Alsugair, Executive Director, Finance and Administration, Ms. Hassna Alturki, Executive Manager for International Relations to HRH the Chairman, Mr. Fahad Bin Nafil, Senior Executive Assistant to HRH the Chairman, Mr. Ahmed Altubaishi, Executive Assistant to HRH the Chairman and Mr. Naief Alzuhair, Website and Social Media Manager.
Furthermore, Prince Alwaleed and KHC’s strategic investment in Twitter has increased from $300 Million to approximately $1.2 Billion since Twitter’s IPO.
KHC was founded in 1980 and become publicly traded and 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 companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding, Mövenpick Hotels, and Swissotel), 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, Fox, and Saudi Research & Marketing Group), as well as in Entertainment (Euro Disney – Paris). In addition, Finance and Investment services (Citigroup), Social Media and Technology (Twitter and Jingdong). The Company has investments in Education (Kingdom Schools), Health Care (Medical Services Projects Company), and Aviation (NAS Saudi Arabia).