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Fri, 21 Nov 2008 | 20:13 GMT

Prince Alwaleed is Top Investor in Saudi Stock Exchange With SR53 billion Worth of Shareholdings

Press Release
 
 
05 October 2008
HRH Prince Alwaleed bin Talal bin Abdulaziz AlsaudHRH Prince Alwaleed bin Talal bin Abdulaziz AlsaudLoading... chairman of Kingdom Holding Company (KHC)Kingdom Holding Company (KHC)Loading... is the largest private investor on the Saudi stock exchange with SR53.47 billion (US$14.3 billion) worth of direct and indirect shareholdings.

The largest Arab bourse named investors who hold stakes of 5 percent or more to boost transparency and encourage confidence in the Saudi Market. About 90 percent of HRH's holdings in Saudi shares are in KingdomKingdomLoading..., in which he owns 94 percent of the conglomerate's 6.3 billion shares, the stock exchange said on its website.

KingdomKingdomLoading..., meanwhile, holds 5 percent of Samba Financial GroupSamba Financial GroupLoading..., Saudi Arabia's second-largest listed bank, 10.1 percent of Savola GroupSavola GroupLoading... and 6.2 percent in Saudi industrial group Tasnee.

KHCKHCLoading... is a publically traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHCKHCLoading... 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. The Company was founded in 1980 where it initially focused on construction activities, housing development and educational projects. Today, KHCKHCLoading...'s portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development, financial services, technology and media.

Landmark hotel properties include the George V in Paris, Des Bergues in Geneva, the newly renovated Fairmont Plaza in New York City and the Savoy (under renovation) in London, in addition to the Fairmont in San Francisco, Four Seasons in Toronto and Raffles in Singapore. Other hotels are owned though its majority-owned Dubai listed subsidiary, KingdomKingdomLoading... Hotel Investments.

Hotel Management Companies include the following world-renowned brands: Four Seasons Hotels & Resorts, Fairmont Raffles Hotels (which include Fairmont, Raffles and Swissotel) and Mövenpick Hotels & Resorts.

KHCKHCLoading... has two significant real estate developments, one in Jeddah aggregating more than 7 million sqm and the other in North of Riyadh aggregating 16.7 million sqm.

KHCKHCLoading... also has stakes in other Saudi publicly traded companies in the various sectors which include banking through Samba, food via Savola, industrial through Tasnee and media and publishing via Saudi Research and Marketing Group. Other KHCKHCLoading... domestic investments include retail, healthcare and aviation through the National Air Services Company Limited (NAS).

Moreover, the company's international investment portfolio contains many blue-chip companies including Citigroup, News Corporation, Time Warner, Apple Inc, Walt Disney Co and others. In addition to its public company activities, KHCKHCLoading... is also extremely active in the area of private equity in Saudi Arabia and developing markets within the Middle East, Africa and Asia.

-Ends-

© Press Release 2008

 
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