RIYADH, 9 July 2007 — Institutional Investor magazine recently named Kingdom Holding Company (KHC) as the Arab world’s premier investor and Prince Alwaleed bin Talal, chairman of KHC, one of the individuals in its 40 Years of Power and Influence survey.
Last month, KHC, one of the world’s most successful and diversified international investment groups added two more high profile awards to its long list of prestigious prizes when it won “Most Admired Company” and its chairman Prince Alwaleed was named Saudi Arabia’s “Man of the Year” by Arabian Business, during the Arabian Business Saudi Achievement Awards 2007, which were held in June.
At an awards ceremony hosted by Arabian Business under the patronage of Prince Sattam ibn Abdulaziz Alsaud, deputy governor of Riyadh and held at the Four Seasons hotel, Prince Sattam presented Prince Alwaleed with the award for his personal contribution to the Saudi people and for the work KHC has been doing to support the development and growth of business in Saudi Arabia.
The award adds to an impressive list of recognitions that both Prince Alwaleed and KHC have received recently. Arab News has voted KHC Saudi Arabia’s No. 1 company for the past four consecutive years. Arabian Business has also voted KHC No. 1 for the past three years in its Top 50 Most Admired Arab Companies rankings and voted Prince Alwaleed No. 1 in its list of 100 Most Powerful Arabs in the World. Time Magazine recently voted Prince Alwaleed as one of the Time100 Power givers for fostering a better understanding of Islam throughout the world.
KHC was founded in 1980 where initially the company focused on construction and development activities. Today, KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investment and recognized as an elite player in the Arabian Gulf region and internationally.
KHC’s spectacular investment success has been driven in large part by KHC’s bold, concentrated, perceptive investments in high-quality businesses with undervalued assets and a belief that long-term view is appropriate for most investments. The dramatic growth and turnaround shown by KHC’s portfolio companies is a validation of KHC’s careful evaluation methods and investment decision making process. KHC’s enviable success is also a reflection of the depth and expertise of its management team which operates under world class corporate governance standards and is distinguished by its leading international business practices.