Kingdom_Holding_Company

Kingdom Holding Company

Kingdom Holding Company

Saudi conglomerate holding company

The Kingdom Holding Company (KHC; Arabic: شركة المملكة القابضة‎) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul (Saudi stock exchange). The KHC consists of a select team of experienced investment specialists directed by its founder and chairman, Prince Al-Waleed bin Talal[2] and chief executive officer, Eng. Talal Ibrahim Al Maiman. 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.

Quick Facts Native name, Company type ...

Present investments

Present investments include:[3]

Past investments

Past investments include:[3]

Other involvements

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.[10]

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

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.[citation needed]

In 2007, the company committed to purchasing an Airbus A380 "Flying Palace" for $485 million,[11] however according to the Kingdom Holding's chief financial officer the plane has been sold.[12]

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.[13]

In August 2011, the company announced plans for the construction of Jeddah Tower, one of the tallest buildings in the world.[14]

References

  1. [1]
    https://www.forbesmiddleeast.com/lists/top-100-listed-companies-2022/kingdom-holding-company-khc
  2. [2]
    "Saudi Arabia is giving itself an extreme makeover with 'giga-projects.' Will it work?". Los Angeles Times. 12 January 2023. Retrieved 4 December 2023.
  3. [3]
    "Saudi Kingdom Holding Company". Archived from the original on 26 January 2012. Retrieved 19 January 2012.
  4. [4]
    "Kingdom Holding". kingdom.com.sa. Retrieved 25 January 2023.
  5. [5]
    "Saudi's Kingdom Holding among group investing $247.7 million in Lyft". Reuters. 24 December 2015. Retrieved 5 September 2016.
  6. [6]
    "Saudis 'second largest investors' in Twitter after Musk takeover". Al Jazeera. 28 October 2022.
  7. [7]
    Wagdy, Lilian (28 October 2022). "Saudi's Kingdom Holding company to maintain Twitter stake". Reuters.
  8. [8]
    "Salon Mickey Blog". Salon Mickey Blog. Retrieved 6 June 2017.
  9. [9]
    "AccorHotels completes acquisition of Mövenpick Hotels & Resorts". group.accor.com. Retrieved 10 October 2021.
  10. [10]
    First Saudi Female Pilot Lands Job With Kingdom Holding, M. Ghazanfar Ali Khan, Arab News, 24 November 2004, retrieved 9 October 2009 Archived 27 May 2006 at the Wayback Machine
  11. [11]
    "HRH Prince Alwaleed bin Talal places first order for A380 flying palace" (Press release). Airbus. 12 November 2007. Retrieved 4 April 2011.
  12. [12]
    Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list • The Guardian, 5 March 2013.
  13. [13]
    "Kingdom Holding Sells Stake in Raffles". dealbook.nytimes.com. 5 April 2010. Retrieved 20 September 2012.
  14. [14]
    "Kingdom Holding Contracts Construction of World's Tallest Tower". www.azobuild.com. 2011. Retrieved 25 August 2011.
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