Kingdom Holding's board include Talal Al-Maiman, executive director for development and domestic investments and member of the investment committee; 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; Saleh Al-Sagri, Khaled Al-Saheem, Taher Agueel and Rasha Al-Hoshan. The board meeting was attended by Shadi Sanbar, KHC's CFO and member of the investment committee.

Moreover, Prince Alwaleed as the 95 percent shareholder of the company will only receive 13 halalas per share per year, thereby giving up his full entitlement of the share of the dividends distribution to allow the company to distribute to the public shareholders annual dividends that are not less than the 5 percent of capital. The cash dividend will be payable to shareholders of record in four quarterly payments of 12.5 halalas each quarter.

Prince Alwaleed commented: "The continuity of our dividend distribution is part of Kingdom Holding's strategic plan. It is based on our confidence that Kingdom Holding will continue to generate ample profits and cash to invest in the growth of our business and its commitment to continue to pay dividends in the future."