HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company, met Mr. Lloyd Blankfein, Chairman and CEO, Goldman Sachs Group, in Riyadh. Mr. Blankfein was accompanied by a Goldman Sachs team that included Mr. Wassim Younan, CEO of Goldman Sachs Middle East and North Africa. During the meeting, the two discussed investment related issues. The meeting touched upon the latest economic developments in the GCC, and globally.

Kingdom Holding’s relationship with Goldman Sachs is well established and long standing. They had advised on KHC’s recent deal to acquire a 16.2 % stake in Banque Saudi Fransi for SAR 29.5 per share, a deal valued at approximately SAR 5.8bn (USD 1.5bn), positioning KHC as the largest shareholder in the bank.

The meeting was attended by Eng. Talal Almaiman, KHC’s Chief Executive Officer, Mr. Mohamed Fahmy, KHC’s Chief Financial Officer, Ms. Manal Alshammary, Senior Executive Manager, Office of HRH and from HRH’s Private Office, Ms. Nada Alsugair, Executive Director, Finance and Administration, Ms. Hassna Alturki, Executive Manager for International Relations to HRH and Mr. Ziyad Alomair, Executive Assistant to HRH.

Kingdom Holding Company (KHC) is one of the world’s foremost value investment firm that is internationally renowned for its interest in both high performance global brand and strategic regional interests. Based in Riyadh, Saudi Arabia, KHC is led by its Founder and Chairman, HRH Prince Alwaleed Bin Talal.  Founded in 1980 and publicly traded since 2007, KHC has achieved three decades of exceptional investment success and is renowned for its diversified portfolio of global powerhouse brands and high performance regional investments.

Although one of the largest foreign investors in the United States, KHC’s disciplined investment approach stretches around the globe and includes leading market segments such as mobility solutions, digital technology and social media (Lyft, Careem, JD.com, Twitter), media and entertainment (NewsCorp, 21st Century Fox, Euro Disney S.C.A., Time Warner), and finance (Citigroup, Saudi Fransi Bank).  KHC is also a global leader in luxury hotels and hospitality management with ownership or significant interests in marquee properties such as the George V in Paris, the Plaza Hotel in New York and London’s Savoy Hotel.  KHC’s global hotel brands include the Four Seasons, Fairmont Raffles, Movenpick, Swissotel and Accor. In Saudi Arabia, KHC’s real estate interests include the famed Kingdom Tower in Riyadh and the highly anticipated Jeddah Tower that once completed will be the tallest tower in the world with a height exceeding 1000 meters.  KHC also has investments in petrochemicals (Tasnee), education (Kingdom Schools), health care (Kingdom Hospital) and aviation (NAS Saudi Arabia).

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© Press Release 2017