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Prince Alwaleed Visits the Republic of India Meeting Ambani, Fourth Richest Man in the World & Meets Chairman of TATA

November 21, 2010

HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and his spouse HH Princess Ameerah Altaweel, Vice Chairwoman of Alwaleed Bin Talal Foundation visited the Republic of India. The Prince was also accompanied by a delegation from KHC and the Private office. The Prince’s delegation included, Dr. Khaled Al Mansour, Advisor, Dr. Nahla Alanbar, Private Executive Assistant to HRH the Chairman, Ms. Amani Algahtani, Assistant Executive Manager at HRH’s Private office, Ms. Manal Alshammari Manager, Protocol, Mr. Fahad Alofy Executive Assistant to HRH the Chairman, Mr. Hani Agha Travel and External Affairs Manager, Mr. Hicham Fleihan, Travel and External Affairs Assistant Manager.

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.

Furthermore, during the trip the Prince and the accompanying delegation 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.

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.

Prince Alwaleed’s investments through KHC in India include the Four Seasons Hotel in Mumbai via Four Seasons management, Swissotel Calcutta, and in the banking sector through Citigroup.