15 January 2015
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office on Wednesday, 14th January 2015 HE Lee Myung-Bak, Former President of Korea and an accompanying delegation. The delegation included HE Yoon Jeung-Hyun, Former Minister of Finance and Economy, HE Hong Seok-Woo, Former Minister of Knowledge Economy, Mr. Im Jae-Hyun, Chief of Staff to President Lee, HE Kim Jin Soo, Korean Ambassador to Saudi Arabia and Mr. Huh Tae Wan, Minister/Deputy Head of Mission.

The meeting began as Prince Alwaleed welcomed Mr. Lee Myung-Bak and the accompanying delegation. During the meeting, the two discussed a number of social and economic issues, and Mr. Lee Myung-Bak commended Prince Alwaleed for his support to the Republic of Korea on the economic front. Also on the agenda of discussions was an invitation to Prince Alwaleed to visit Korea. In response, Prince Alwaleed promised to visit Korea in the near future.

His Highness's investment in Korea through KHC is in the financial sector via Citigroup. Prince Alwaleed also had investments in Korea in both Daewoo Corporation and Hyundai Motors.

The meeting was also attended by a delegation from KHC that included Mr. Sarmad Zok, Chairman and CEO of KHI and Member of KHC's Board of Directors, CFO, Dr. Adel Alsayed, Executive Director for Private Equity, International Investments, Mr. Mohammed Fahmy, KHC's, Mr. Mohammad Al Mujadid, Senior Executive Manager, Office of HRH the Chairman, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department (CCD), Ms. Intisar Al Yamani, Executive Manager, CCD and Mr. Naief AlZuhair, Manager Website & Social Media.

From HRH's private office the delegation included Ms. Nada Alsugair, Executive Director, Finance and Administration and Dr. Samir Anabtawi, Academic Advisor to HRH the Chairman.

In 1999, Prince Alwaleed was awarded "The Diplomatic Merit of the Heung Korean"; by former President Kim Dae--Jung in recognition of the Prince's investments in Korea.

In 1998, HRH had visited Korea and met with the country's former President Kim Dae-Jung at the Blue House. Prince Alwaleed received an honorary Doctorate in Business Management from Kyungwon University in Seoul, Korea.

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For more information contact:
Kingdom Holding Company
+966-11-211-1111
www.KINGDOM.com.sa
Media@kingdom.com.sa

© Press Release 2015