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Business & Economy

KHC continues with strategic projects

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held a board meeting at mid-December at the company’s HQ in Riyadh. The meeting was attended by the KHC board comprising Ahmed Halawani, executive director for private equity, international investments and
member of the investment committee; Sarmad Zok, executive director of hotel investments and member of the investment committee, and the independent board members comprising Saleh Al-Sagri, Khaled Al-Saheem and Taher Agueel, and Rasha El Hoshan.
Prince Alwaleed also represented Talal Al-Maiman, executive director for development and domestic investments during the meeting in his absence. The meeting was also attended by Shadi Sanbar, KHC’s CFO, and Yasir Al-Salman, assistant executive manager, from KHC’s finance department.
The board meeting was held to oversee KHC’s performance in 2012, approve 2013 budget and operation strategy. Furthermore, the meeting outlined and fortified KHC’s diversified investment strategy, long term vision for growth and development, and for future prospective investment opportunities.
Prince Alwaleed commented: “Kingdom Holding is at its best form and we will continue with our strategic projects which in return will position the Kingdom of Saudi Arabia on the world’s investment map.”
Founded in 1980, KHC is a publicly traded company, which was listed on Tadawul (the Saudi Stock Exchange) in 2007.

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