Kingdom Holding ‘enters 2012

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held a board meeting at the company’s headquarters in Riyadh. The meeting was held to outline and to fortify KHC’s diversified investment strategy, long-term vision for growth and development, and for future prospective investment opportunities. Prince Alwaleed commented: “Kingdom Holding enters the year 2012 with solid optimism, and continues to distribute dividends.” The KHC board attended the meeting. It comprises Talal Al-Maiman, executive director for development and domestic investments and member of the investment committee, Ahmed Halawani, executive director for private equity, international investments and member of the investment committee, Sarmad Zok, executive director of hotel investments and member of the investment committee. Independent board members Khaled Al-Saheem and Taher Agueel were also present. Prince Alwaleed also represented Saleh Al-Sagri during the meeting. Shadi Sanbar, KHC’s CFO, also attended the meeting. KHC, founded in 1980, is a publicly traded company, which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. KHC’s portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media, manufacturing and aviation.