Kingdom Holding Company

Kingdom Holding Company
شركة المملكة القابضة
Holding company
Industry Diversified investments
Conglomerate
Founded 1980 (1980)
Headquarters Riyadh, Saudi Arabia
Key people
 Al-Waleed bin Talal, chairman and CEO
Owner Al-Waleed bin Talal
Website www.kingdom.com.sa

The Kingdom Holding Company (Arabic: شركة المملكة القابضة‎‎) is a Saudi conglomerate holding company based in Riyadh, Saudi Arabia. The Kingdom Holding Company (KHC) is a publicly listed company on the Tadawul (Saudi Stock Exchange). The KHC consists of a select team of experienced investment specialists directed by its founder, Prince Al-Waleed bin Talal. The company describes itself as a diversified investment company, whose main interests are financial services, real estate, tourism and hospitality, media, entertainment, petrochemicals, aviation and technology.

Its investments include (or have included) [1]

The company is known for hiring the first Saudi female commercial pilot, Captain Hanadi Zakaria al-Hindi, who trained at the Mideast Aviation Academy in Jordan.[5]

It is the owner of and was the lead developer of the Kingdom Centre in Riyadh, Saudi Arabia.

Kingdom Holding is an active investor in sub-saharan Africa through Kingdom Africa Management, a private equity firm and subsidiary based in South Africa, Ghana and Nigeria. Kingdom Africa is run by J. Kofi Bucknor and focuses on growth equity investments.

In 2007, the company committed to purchasing an Airbus A380 "Flying Palace" for $485 million,[6] however according to the Kingdom Holding's chief financial officer the plane has been sold.[7]

In April 2010, the company sold part of its stake in Raffles Holdings International in a deal worth about $847 million. to a group of investors, including an affiliate of Qatar’s sovereign wealth fund.[8]

In August 2011, the company announced plans for the construction of Jeddah Tower, which will become the tallest building in the world.[9]

References

  1. ↑ "Saudi Kingdom Holding Company". Retrieved Jan 19, 2012.
  2. ↑ Kingdom Holding Company website accessed Nov. 21, 2016 http://www.kingdom.com.sa/investments/hotels/management-companies/four-seasons-hotels-and-resorts
  3. ↑ Reuters (December 24, 2015). "Saudi's Kingdom Holding among group investing $247.7 million in Lyft". Retrieved September 5, 2016.
  4. ↑ "Saudi Prince Pumps $300 Million Into Twitter". TechCrunch. 18 December 2011. Retrieved 18 December 2011.
  5. ↑ First Saudi Female Pilot Lands Job With Kingdom Holding , M. Ghazanfar Ali Khan, Arab News, 24 November 2004, retrieved 9 October 2009 Archived May 27, 2006, at the Wayback Machine.
  6. ↑ "HRH Prince Alwaleed bin Talal places first order for A380 flying palace" (Press release). Airbus. 12 November 2007. Retrieved 4 April 2011.
  7. ↑ Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list • The Guardian, 5 March 2013.
  8. ↑ "Kingdom Holding Sells Stake in Raffles". dealbook.nytimes.com. Retrieved 20 September 2012.
  9. ↑ "Kingdom Holding Contracts Construction of World's Tallest Tower". www.azobuild.com. 2011. Retrieved 25 August 2011.
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