Home / Press & Media / Investor News / Prince Alwaleed Receives Baroness Symons of Vernham Dean to Discuss Economic Issues

Prince Alwaleed Receives Baroness Symons of Vernham Dean to Discuss Economic Issues

June 7, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) in the presence of HH Princess Ameerah Al-Taweel Vice Chairwomen of Alwaleed Bin Talal Foundation which HRH chairs, received at his office in Riyadh, Rt Hon Baroness Symons of Vernham Dean, Co-chair, Saudi British Joint Business Council on Monday 6th June 2011. The Baroness was accompanied by a delegation that included Sir Tom Phillips KCMG, British Ambassador to Saudi Arabia , Mr. Edward Oakden, Managing Director, UK Trade and Investment, Mr. Chris Innes Hopkins, Director for KSA, UK Trade and Investment, Mr. Priya Kaur-Jones, Marketing Manager, UK Trade and Investment, Mr. Promilla Caughey, and Business Development Manager, UK Trade & Investment (Riyadh).

The meeting was also attended by Mr. Shadi Sanbar, CFO, Kingdom Holding, Ms. Nada Al Sugair, Executive Director, Finance and Administration, Ms. Heba Fatani, Senior Executive Manager Corporate Communications Department, Dr. Nahla Alanbar Private Executive Assistant to HRH the Chairman, Ms. Intisar Al Yamani, Executive Manager, Corporate Communications Department, Ms. Maram Bakhurji, Manager, Design and Construction and Ms. Manal Al Shammary, Protocol Manager.

The meeting began as the Baroness thanked Prince Alwaleed for giving her the opportunity to meet with him. During the meeting the two discussed a number of investment and philanthropic issues, shedding light on decades of Saudi-British relations. The two also discussed a number of general local, regional issues and the current global economic climate.

Furthermore, during the discussions the Prince referred to Alwaleed Bin Talal Foundation that he chairs referring to the various donations made by the Foundation to university centers to promote cultural dialogue and build a bridge between East-West for tolerance, and understanding stressing the importance of this initiative.

Prince Alwaleed has a long established relationship with the UK through his investments via KHC and through Alwaleed Bin Talal Foundation.

On April 29th 2011, Prince Alwaleed and Princess Ameerah attended the Royal wedding of HRH Prince William and Ms. Kate Middleton by invitation from Her Majesty the Queen.

In March 2011, HH Princess Ameerah Al-Taweel Vice Chairwoman of Alwaleed Bin Talal Foundation and HRH Prince Philip Duke of Edinburgh who is Chancellor of the University of Cambridge and the Vice-Chancellor, Professor Sir Leszek Borysiewicz, formally opened the HRH Prince Alwaleed Bin Talal Centre of Islamic Studies at the University of Cambridge. During the opening ceremony the Chancellor Prince Philip presented Her Highness with an 800th Anniversary Medal for Outstanding Philanthropy that she accepted on behalf of Prince Alwaleed.

In November 2010, HRH Prince Charles, The Prince of Wales and HRH Prince Alwaleed who was accompanied by his spouse HH Princess Ameerah Al-Taweel, Vice Chairwoman, Alwaleed Bin Talal Foundation inaugurated The Savoy hotel one of KHC’s major investments in the United Kingdom. In June 2010, Prince Alwaleed and Princess Ameerah, were received by HRH Prince Charles, at Clarence House during their visit to the United Kingdom.

In March 2010, Prince Alwaleed was awarded an Honorary Degree of Doctor honoris causa from the University of Edinburgh in a ceremony at the Signet Library, Parliament Square, and also inaugurated the Prince Alwaleed Bin Talal Centre for the Study of Islam at Edinburgh University. The degree was conferred by HRH Prince Philip, Duke of Edinburgh. The Duke of Edinburgh is Chancellor of the University of Edinburgh and the University of Cambridge.

In May 2008, HRH made a £16 million endowment to create two new research centres for Islamic studies at the University of Cambridge and the University of Edinburgh (£8 million for each university). The new centers carry out both research and public engagement designed to enhance understanding between the Muslim world and the West. In 2002, the Prince made a £1 million endowment to the Institute of Arab and Islamic Studies at the University of Exeter.

Prince Alwaleed through KHC investments in the United Kingdom includes Canary Warf in the real estate sector and Citigroup in the financial sector. In addition, other investments include a 47.5% interest in the Four Seasons Hotels and Resorts co-owned by the billionaire Bill Gates, which manages 3 hotels; London at Park Lane, London at Canary Wharf and the third in Hampshire.

His Highness had received the Duke of York in 2007 and 2009. Moreover, the Prince had received the Prince of Wales at Kingdom Resort in Riyadh in 2006 and the Prince visited Highgrove in 2005. Prince Alwaleed also met with Prince Charles in 2003 during the GCC Polo Cup event at The Guards Polo Club in Windsor when Her Majesty Queen Elizabeth presented Prince Charles’s team with the trophy, jointly with Prince Alwaleed.