Kingdom Holding Company (“KHC”), one of the world’s most successful and diversified international investment groups today added two more high profile award to its long list of prestigious prizes when it won ‘Most Admired Company’ and its Chairman HRH Prince Alwaleed Bin Talal was named Saudi Arabia’s ‘Man of the Year’ by Arabian Business, during the Arabian Business Saudi Achievement Awards 2007, on Monday 11th June.
At an awards ceremony hosted by Arabian Business under the Patronage of HRH Prince Sattam bin Abdulaziz Alsaud, Deputy Governor of Riyadh and held at the Four Seasons hotel in Riyadh last night, Prince Sattam presented Prince Alwaleed with the award for his personal contribution to the Saudi people and for the work Kingdom Holding Company has been doing to support the development and growth of business in Saudi Arabia.
The award adds to an impressive list of recognitions that both Prince Alwaleed and KHC have received recently. Arab News has voted KHC Saudi Arabia’s Number 1 Company for the past four consecutive years. Arabian Business has also voted KHC Number 1 for the past three years in its Top 50 Most Admired Arab Companies rankings and voted Prince Alwaleed the Number 1 in its list of 100 Most Powerful Arabs in the World. Time Magazine recently voted Prince Alwaleed as one of the Time100 Power givers for fostering a better understanding of Islam throughout the world. Institutional Investor magazine recently named KHC as the Arab world’s premier investor and Prince Alwaleed one of the individuals in its 40 Years of Power and Influence survey.
KHC was founded in 1980 where initially the Company focused on construction and development activities. Today, KHC is one of the worlds most successful and diversified business organizations, highly respected in the field of investment and recognized as an elite player in the Arabian Gulf region and internationally.
KHC’s portfolio is predominantly focused on three key growth value added sectors; banking & financial services, real estate and hotels and hotel management, although KHC also has interests the Technology Media and Telecommunications, retail, tourism, consumer and healthcare and industrial sectors. The portfolio contains many famous brands including Citigroup, Samba, Savola, NIC, SRMG, Fairmont Raffles Hotels, Four Seasons Hotels, Movenpick Hotels & Resorts, News Corporation, Time Warner, Songbird Estates (Canary Wharf, London), Apple, PepsiCo, Procter & Gamble, Hewlett Packard, Motorola, Walt Disney Co and Eastman Kodak. In addition to its public company activities, KHC is also extremely active in the area of private equity in Saudi Arabia and developing markets within the Middle East, Africa and Asia.
KHC’s spectacular investment success has been driven in large part by KHC’s bold, concentrated, perceptive investments in high-quality businesses with undervalued assets and a belief that long-term view is appropriate for most investments. The dramatic growth and turnaround shown by KHC’s portfolio companies is a validation of KHC’s careful evaluation methods and investment decision making process. KHC’s enviable success is also a reflection of the depth and expertise of its management team which operates under world class corporate governance standards and is distinguished by its leading international business practices.
Despite its international presence, KHC has continued to invest in its local market not just commercially in the banking, hotel and construction sectors but also in health, education and social services in order to give something back to Saudi Arabia. Prince Alwaleed and Kingdom Foundation, the Prince’s philanthropic and humanitarian aid foundation, are one of the region’s most generous supporters of health, humanitarian and educational causes, building schools, hospitals, development projects, mosques, housing for the poor and other humanitarian projects throughout Saudi Arabia and the rest of the Arab world.