Home / News / Prince Alwaleed Receives Canadian Deputy Minister of International Trade

Prince Alwaleed Receives Canadian Deputy Minister of International Trade

November 2, 2014


HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received at his office in Riyadh Mr. Simon Kennedy, Canadian Deputy Minister of International Trade and an accompanying delegation that included HE Mr. Thomas Macdonald, Canadian Ambassador to Saudi Arabia and Mr. Jordan Reeves, Commercial Counsellor. The meeting was attended by Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.


The meeting began as Prince Alwaleed cordially received Mr. Kennedy who thanked HRH for his reception. During the meeting, the two discussed a number of economic and investment issues, including the Prince’s investments in Canada through KHC. Kingdom Holding Company is the largest investor in Canada through Four Seasons Hotels and Resorts and Fairmont Raffles Hotels International (FRHI). Furthermore, the Mr. Kennedy expressed that his government warmly welcomes HRH to further invest in Canada, and explore investment opportunities there. Mr. Kennedy also expressed his hope that His Highness’s visit will further strengthen economic bi-lateral relations between Saudi Arabia and Canada.


Kingdom Holding Company holds a 47.5% stake in the Four Seasons which is co-owned by Bill Gates’ Cascade with a 47.5% stake, and 5% is owned by Isadore Sharp.


Moreover, Kingdom Holding owns a 35% interest in Fairmont Raffles Holdings International (FRHI) together with Qatar Investment Authority (QIA). In addition, QD Hotel Property Investment Limited (QDHP) an affiliate of QIA, has undertaken to provide FRHI with a number of future management contracts for hotels that will be branded either Fairmont, Raffles or Swissotel. Moreover, Prince Alwaleed’s investment in the banking sector in Canada via KHC is through Citigroup.


In 2013, Prince Alwaleed received The Honourable Ed Fast, Canadian Minister of International Trade and Minister for the Asia-Pacific Gateway. In the same year, Prince Alwaleed received at his office in Riyadh The Rt Hon. Martin Brian Mulroney former Canadian Prime Minister and the two also met in 2012. In the same year, Prince Alwaleed received HE Mr. John Baird Canadian Minister of Foreign Affairs and an accompanying delegation. In 2011, Prince Alwaleed received The Rt Hon. Jean Chretien former Canadian Prime Minister, and an accompanying delegation. In 2010, Prince Alwaleed received The Hon Peter Van Loan, Canadian Minister of International Trade and an accompanying delegation.