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Prince Alwaleed Receives Bill Gates at Kingdom Resort

January 30, 2012

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received Mr. Bill Gates, Chairman of Microsoft and Co-Chair of the Bill & Melinda Gates Foundation at Kingdom Resort on Saturday 28 January 2012. The meeting was attended by HH Princess Ameerah Al-Taweel, Vice Chairwoman of Alwaleed Bin Talal Foundation chaired by Prince Alwaleed, Mr. Shadi Sanbar, KHC’s CFO, Eng. Nadia Bakhurji Secretary General of Alwaleed Bin Talal Foundation and Ms. Amani Algahtani, Assistant Executive Manager- HRH’s Palaces.

During the meeting the two discussed the latest developments in both KHC and Microsoft. Moreover, Prince Alwaleed and Mr. Bill Gates discuss general issues, topics related to KHC’s international investments including its stake of 47.5% in the Four Seasons which is co-owned by Bill Gates’ Cascade with a 47.5% stake, and 5% is owned by Mr. Isadore Sharp, Chairman of Four Seasons Hotels and Resorts. Also, the two discussed potential collaboration between Alwaleed Foundation and the Bill & Melinda Gates Foundation.

Prince Alwaleed has attended the annual Microsoft CEO Summit held at the Microsoft Conference Center in Redmond Campus in Seattle, Washington. The Prince’s visit was in response to an invitation from Mr. Bill Gates to attend the event. The Prince was accompanied by his spouse Princess Ameerah Al-Taweel and a delegation from KHC, and the Foundation. The Summit was exclusive to 100 CEOs most influential in the world.

During the function, Prince Alwaleed met with some of the most prominent CEOs that included Mr. Warren Buffett, Berkshire Hathaway Chairman and CEO. There was an opportunity to discuss general issues, topics related to investments and HRH’s international investments especially in the United States. HRH has significant investments in the US through KHC in the banking sector through Citigroup where he is the largest individual shareholder, in the media sector through News Corporation, and hotels sector through the management of Four Seasons Hotels and Resorts, Fairmont and The Plaza Hotel, New York. In addition to prestigious hotels in various US states. Moreover, investments in the entertainment sector through Time Warner and Walt Disney, and many other investments in the US.

The Microsoft CEO Summit was established in 1997 in response to growing interest in the convergence of technology and business issues among corporate CEOs. Attendees had an opportunity to hear leading industry experts analyze economic trends and technology issues. The event was private, provided a forum in which CEOs from major companies and prominent business people discussed business challenges and shared insights and experiences with their peers from around the world.