HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, Mr. Fred Hochberg, Chairman and President of Export-Import Bank (Ex-Im Bank) and an accompanying delegation that included Mr. Bijan Kian, Member, Board of Directors and Mr. John McAdams, Senior Vice President. The meeting was also attended by Mr. Taher Agueel, Chief Executive Officer, National Air Services (NAS), Eng. Ahmed Halawani, Executive Director of Private Equity at KHC, Mr. Shadi Sanbar, CFO and Mr. Ali Tabbal, Deputy CFO.
The meeting began as Prince Alwaleed greeted the Chairman and the accompanying delegation. The meeting focused on the major role of Ex-Im Bank in supporting US exporters reaching international markets through providing the necessary financing guarantees. Also on the agenda of discussions was the current relationship with Ex-Im Bank through NAS in which KHC holds a 37% as Ex-Im provides financial guarantees for aircrafts purchased from US manufacturers. Moreover, the meeting touched upon ways to develop the relationship with Ex-Im Bank for future potential collaboration.
HRH has significant investments in the US through KHC in the banking sector via Citigroup, in the media and entertainment sector through News Corporation, Time Warner and Walt Disney, and in the hotel sector through Four Seasons Hotels and Resorts, Fairmont Hotels and Resorts, including The Plaza Hotel, New York. In addition, other prestigious hotels in various US states and SAKS Fifth Avenue.