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Prince Alwaleed Receives Australian Ambassador with Letter From Foreign Minister

February 22, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received in his office in Riyadh His Excellency Mr. Kevin Magee, Australian Ambassador to Saudi Arabia and Dr. Tamsin Sanderson, Third Secretary, Australian Embassy. The meeting was also attended by Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department and Dr. Nahla Alanbar, Private Executive Assistant to HRH the chairman.

The meeting began as the ambassador thanked Prince Alwaleed for giving him the opportunity to meet with him. The ambassador handed Prince Alwaleed a letter from HE Mr. Kevin Rudd, Australian Minister of Foreign Affairs who extends an invitation to His Highness to visit his country. Furthermore, the two touched upon the latest regional and international developments on the social and economic front, and they discussed investment opportunities in Australia. Moreover, Mr. Magee was keen on listening to the Prince’s views and pointed out that the Prince is well known for his significant and successful projects as he has a special vision for future potential investments where Australia may benefit from.

In conclusion, Prince Alwaleed thanked the ambassador and asked him to relay his cordial regards to the Foreign Minister.

The Prince’s investments in Australia through KHC include investments in the banking sector through Citigroup, the hospitality sector through Four Seasons and Swissotel, and via the media sector through News Corp, and LBC as it is the most popular Arab channel in Australia.

In 2009, Prince Alwaleed received His Excellency Hon. Stephen Smith, MP Australian Minister of Foreign Affairs and an accompanying delegation. The Prince hosted a dinner in honor of his guest at Kingdom Resort.

In 2007, Prince Alwaleed received an Australian Parliamentary Delegation headed by Hon. Peter Slipper, MP and on a different occasion HRH received an Australian Businesswomen’s delegation headed by Ms. Fiona Hill.