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Prince Alwaleed Received `Outstanding Contribution to the Saudi Arabian Economy` & KHC `Best IPO of the Year` Awards

November 13, 2007

Kingdom Holding Company (“KHC”), one of the world`s most successful and diversified international investment groups today added two more high profile awards to its long list of prestigious prizes when it won `Best IPO of the Year` and its Chairman HRH Prince Alwaleed Bin Talal was granted the `Outstanding Contribution to the Saudi Arabian Economy` award by the Institute for International Research (IIR), Middle East. Eng. Talal Al Maiman, Executive Director of Development and Local Investments at KHC, received both awards on behalf of Prince Alwaleed during the 2nd IPO Summit organized by the IIR Middle East on Sunday 11th November.

Eng. Al Maiman commented: “I am proud to have been given the opportunity to receive the `Outstanding Contribution to the Saudi Arabian Economy` award on behalf of Prince Alwaleed and we at KHC are delighted to have won the `Best IPO of the Year` award. This was possible due to the great efforts of the KHC professionals, our consultants, consultant bankers, investors, the public and the media.”

The 2nd IPO Summit was held under the Patronage of HRH Prince Salman bin Abdulaziz Alsaud, Governor of Riyadh at the Four Seasons hotel. The awards were presented by Mr. John Sandwick, IIR Chairman and Managing Director of Encore Management SA, Switzerland. The `Best IPO of the Year` award accredited the work Kingdom Holding Company has done to achieve a successful IPO and the `Outstanding Contribution to the Saudi Arabian Economy` award acknowledged Prince Alwaleed`s contribution and his support for the development and growth of the Saudi Economy.

The award adds to an impressive list of recognitions that both Prince Alwaleed and KHC have received recently. In June of this year KHC received `Most Admired Company` and HRH `Man of the Year` by Arabian Business, during the Arabian Business Saudi Achievement Awards. Moreover, Arab News voted KHC Saudi Arabia`s Number 1 Company for four consecutive years. Arabian Business has also voted KHC Number 1 for the past three years in its Top 50 Most Admired Arab Companies rankings and voted Prince Alwaleed the Number 1 in its list of 100 Most Powerful Arabs in the World. Institutional Investor magazine recently named KHC as the Arab world`s premier investor and Prince Alwaleed one of the individuals in its 40 Years of Power and Influence survey.

KHC was founded in 1980 where initially the Company focused on construction and development activities. Today, KHC is one of the worlds most successful and diversified business organizations, highly respected in the field of investment and recognized as an elite player in the Arabian Gulf region and internationally.

KHC`s portfolio is predominantly focused on three key growth value added sectors; banking & financial services, real estate and hotels and hotel management, although KHC also has interests the Technology Media and Telecommunications, retail, tourism, consumer and healthcare and industrial sectors. The portfolio contains many famous brands including Citigroup, Samba, Savola, NIC, SRMG, Fairmont Raffles Hotels, Four Seasons Hotels, Movenpick Hotels & Resorts, News Corporation, Time Warner, Songbird Estates (Canary Wharf, London), Apple, PepsiCo, Procter & Gamble, Hewlett Packard, Motorola, Walt Disney Co and Eastman Kodak. In addition to its public company activities, KHC is also extremely active in the area of private equity in Saudi Arabia and developing markets within the Middle East, Africa and Asia.

KHC`s spectacular investment success has been driven in large part by KHC`s bold, concentrated, perceptive investments in high-quality businesses with undervalued assets and a belief that long-term view is appropriate for most investments. The dramatic growth and turnaround shown by KHC`s portfolio companies is a validation of KHC`s careful evaluation methods and investment decision making process. KHC`s enviable success is also a reflection of the depth and expertise of its management team which operates under world class corporate governance standards and is distinguished by its leading international business practices. Despite its international presence, KHC has continued to invest in its local market not just commercially in the banking, hotel and construction sectors but also in health, education and social services in order to give something back to Saudi Arabia.