Kingdom Holding Company

Kingdom Holding Company
Native name	شركة المملكة القابضة
Company type	Joint-stock company
Traded as	Tadawul: 4280
ISIN	SA31RG522S19
Founded	1980; 44 years ago
Headquarters	Riyadh, Saudi Arabia
Key people	Prince Alwaleed Bin Talal (Chairman); Eng. Talal Ibrahim Al Maiman (CEO);
Revenue	1,759,917,000 Saudi riyal (2019)
AUM	US$ 13.6 billion (2022)
Total assets	48,370,443,000 Saudi riyal (2019)
Owner	Al-Waleed bin Talal (78.13%); Public Investment Fund (16.87%);
Website	www.kingdom.com.sa

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.

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Present investments include:^[3]

Four Seasons Hotels & Resorts (Canada-based) (owns 23.75% with Cascade Investment, LLC, and others)^[4]
Fairmont Raffles Swissotel (minority ownership with Accor)
Hotel George V (100%) (France)
KADCO Egypt (100%) (Egypt)
Kingdom Hospital-Consulting Clinics ^{[citation needed]} (100%) (Saudi Arabia)
Kingdom Hotels Investments (100%) (Saudi Arabia)
Kingdom Schools (100%) (Saudi Arabia)
Lebanese Broadcasting Corporation (100%) (Lebanon)
Lyft (US)^[5]
Flynas (33%) (Saudi Arabia)
National Industrialization Company (100%) (Saudi Arabia)
Rotana Group (Arabic: روتانا‎), the Arab world's largest entertainment company (100%) (Saudi Arabia)
X Corporation (minority stake)^[6]^[7]

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Past investments include:^[3]

21st Century Fox (US / 6% minority stake, sold in 2017)
360buy (China / now publicly traded as JD.com)
Amazon (US)
AOL / Time Warner (US)
Apple (US)
Canary Wharf (UK)
Citigroup (US)
The Coca-Cola Company (US)
Compaq (US)
eBay (US)
EuroDisney (France / now owned by The Walt Disney Company on a 87.15%^[8])
Ford (US)
Hewlett-Packard (US)
McDonald's (US)
Motorola Mobility (US)
Mövenpick Hotels & Resorts (Switzerland / 33% minority stake, sold in 2018 to Accor^[9])
News Corporation (US)
PepsiCo (US)
Priceline.com (US)
Procter & Gamble (US)
The Savola Group (Saudi Arabia)
Saks Incorporated (US)
SAMBA, Saudi American Bank (US)
Marvel Comics (US)
The Walt Disney Company (US)

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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]

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[1]
https://www.forbesmiddleeast.com/lists/top-100-listed-companies-2022/kingdom-holding-company-khc ^{[bare URL]}
[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]
"Saudi Kingdom Holding Company". Archived from the original on 26 January 2012. Retrieved 19 January 2012.
[4]
"Kingdom Holding". kingdom.com.sa. Retrieved 25 January 2023.
[5]
"Saudi's Kingdom Holding among group investing $247.7 million in Lyft". Reuters. 24 December 2015. Retrieved 5 September 2016.
[6]
"Saudis 'second largest investors' in Twitter after Musk takeover". Al Jazeera. 28 October 2022.
[7]
Wagdy, Lilian (28 October 2022). "Saudi's Kingdom Holding company to maintain Twitter stake". Reuters.
[8]
"Salon Mickey Blog". Salon Mickey Blog. Retrieved 6 June 2017.
[9]
"AccorHotels completes acquisition of Mövenpick Hotels & Resorts". group.accor.com. Retrieved 10 October 2021.
[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]
"HRH Prince Alwaleed bin Talal places first order for A380 flying palace" (Press release). Airbus. 12 November 2007. Retrieved 4 April 2011.
[12]
Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list • The Guardian, 5 March 2013.
[13]
"Kingdom Holding Sells Stake in Raffles". dealbook.nytimes.com. 5 April 2010. Retrieved 20 September 2012.
[14]
"Kingdom Holding Contracts Construction of World's Tallest Tower". www.azobuild.com. 2011. Retrieved 25 August 2011.

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Official website

[1] [1]
https://www.forbesmiddleeast.com/lists/top-100-listed-companies-2022/kingdom-holding-company-khc ^{[bare URL]}

[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.

[:0-3] [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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Kingdom Holding Company

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Present investments

Past investments

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