Home / Press & Media / Investor News / Prince Alwaleed Receives Nigerian Ambassador to Discuss Economic Issues

Prince Alwaleed Receives Nigerian Ambassador to Discuss Economic Issues

January 29, 2012

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received HE Mr. Garba Aminchi Nigerian Ambassador to Saudi Arabia. The Ambassador was accompanied by Mr. Mohammed A. Shehu Minister Council, Nigerian Embassy and Mr. Bashir Ibrahim Maaji. The meeting was attended by Dr. Nahla Alanbar, Private Executive Assistant to HRH the chairman.

The meeting began as Mr. Aminchi thanked Prince Alwaleed for giving him the opportunity to meet with him and relayed cordial regards from the government of Nigeria. During the meeting the two discussed social and economic issues in relation to their respective countries. Also on the agenda of discussions were investments in Nigeria especially in the energy sector. Moreover, the Ambassador presented Prince Alwaleed with investment opportunities in real estate and hotel sector.

Recently, Prince Alwaleed and HH Princess Ameerah Al–Taweel, Vice Chairwoman of Alwaleed Bin Talal Foundation that is chaired by Prince Alwaleed visited the Republic of Nigeria and were warmly welcomed by HE Mr. Goodluck Jonathan, President of the Republic of Nigeria at the Presidential Palace. Moreover, the President and His Highness discussed a number of social, philanthropic and economic issues.

Furthermore, the President commended Prince Alwaleed on his efforts in playing a vital role in economic and social development, and referred to HRH`s local, regional and international investments, and generous contributions to people in need all over the world. Moreover, the President invited the Prince to explore further potential investment opportunities in Nigeria. In response, the Prince welcomed the invitation and referred to Kingdom Zephyr Africa Management Company (“Kingdom Zephyr” or KZAM) as it is one of the leading pan-African private equity firms.

Prince Alwaleed’s investments in Nigeria through KHC are in the banking sector via Citigroup.