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Prince Alwaleed Receives Indian Ambassador to Discuss Investment Issues

March 1, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received in his office in Riyadh HE Mr. Talmiz Ahmed Indian Ambassador to Saudi Arabia who was accompanied by Mr. shasheendra Jain, Second Secretary and Mr. Manohar Ram, Deputy Chief of Mission. The meeting was also attended by a delegation from KHC that included, Dr. Nahla Alanbar, Private Executive Assistant to HRH the Chairman, Mr. Hani Agha Travel and External Affairs Senior Manager, Mr. Hicham Fleihan, Travel and External Affairs Manager.

The meeting began as the ambassador and the delegation thanked Prince Alwaleed for giving them the opportunity to meet with them, commending him on his local, regional and international investments. During the meeting the ambassador expressed his government’s desire for Prince Alwaleed to further invest in their country. Moreover, Prince Alwaleed discussed his investments through KHC in India that include the Four Seasons Hotel in Mumbai via Four Seasons management, Swissotel Calcutta, and in the banking sector through Citigroup.

In 2010, Prince Alwaleed and his spouse HH Princess Ameerah Al-Taweel, Vice Chairwoman of Alwaleed Bin Talal Foundation visited the Republic of India, they visited Dhravi (North Mumbai, a slum over parts of Sion), Haji Ali Mosque, Bhau Daji Lad Museum, Mani Bhavan, the Residence of Mahatma Ghandi and the Gateway of India. During the visit, Prince Alwaleed was received by Mr. Mukesh Ambani, Chairman and CEO of Reliance Industries Ltd. at his new residence. The two discussed economic and investments issues and touched upon HRH’s international investments. It is worth noting that Mr. Ambani is the richest man in India and the fourth richest man in the world in Forbes magazine. Furthermore, Mr. Ambani and his spouse hosted a dinner in honor of Prince Alwaleed and Princess Ameerah.

Moreover, during the visit Prince Alwaleed was received by Mr. Ratan N. Tata, Chairman of TATA Group at the Taj Mahal Hotel. The Prince and Mr. Tata discussed economic issues and potential investment opportunities between KHC and TATA group. The two also exchanged general strategic ideas related to various areas of investment.

In 2009, HRH had received Mr. Tata and hosted a dinner in honor of his guest at Kingdom Resort in Riyadh. In 2005, Prince Alwaleed visited India where he met with former President Dr. A. P J Abdul Kalam at the Presidential Office.