Kingdom Holding Company
 |
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| Type | Holding Company (Public) |
|---|---|
| Industry | Diversified Investments |
| Founded | 1980 |
| Headquarters | Riyadh, Saudi Arabia |
| Key people | Al-Waleed bin Talal, Chairman & CEO |
| Owner(s) | Al-Waleed bin Talal (95%) |
| Website | www.kingdom.com.sa |
Kingdom Holding Company (Arabic: شركة المملكة القابضة) is a public holding company headquartered in Kingdom Centre in Riyadh, Saudi Arabia, and is the largest company in Saudi Arabia.[1] It is controlled by Prince Alwaleed Bin Talal Bin Abdulaziz, and is headquartered in the city of Riyadh. The company is publicly listed in the Saudi Stock Exchange, but only 6% of the shares are public, the remaining 94% being owned by Prince Alwaleed.[2][3]
The company describes itself as a diversified investment company, whose interests include banking, real estate, telecommunications, broadcasting and media, entertainment, hospitality, computers and electronics, agriculture, restaurants, upscale fashion, retailing, supermarkets, tourism, travel and automotive manufacturing.
Its international investments include (or have included) [4]
- Amazon
- AOL/Time Warner
- Apple Inc.
- Canary Wharf
- Citigroup
- Coca Cola
- Compaq
- Disneyland Paris
- eBay
- Four Seasons Hotels & Resorts
- Fairmont Hotels & Resorts
- Ford
- Hotel George V, Paris
- Hewlett-Packard
- McDonald's
- Motorola
- Mövenpick Hotels & Resorts
- News Corporation
- PepsiCo
- Priceline.com Inc
- Procter & Gamble
- The Walt Disney Company
- Twitter[5]
- LBCI Lebanese Broadcasting Corporation International
- SAMBA, Saudi American Bank
- Rotana Group (Arabic: روتانا), the Arab World's largest entertainment company
- Kingdom Hotels International, public company listed on the Dubai International Financial Exchange
The company is known for hiring in 2004 Captain Hanadi Zakariya Hindi, the first Saudi female commercial pilot, who trained at the Mideast Aviation Academy in Jordan[6].
It is also the owner of the Kingdom Centre.
In July 2005, Kingdom announced a joint venture with HSBC to invest in growth companies in Sub-Saharan Africa.[7]
In 2007 the company committed to purchasing an Airbus A380 "Flying Palace" for an undisclosed amount.[8]
In August 2011, the company announced plans for the construction of Kingdom Tower, which will become the tallest building in the world.[9]
[edit] References
- ^ "Top 100 Saudi Companies". arabnews.com. 2007-10-27. Archived from the original on 2008-08-22. http://web.archive.org/web/20080822055515/http://arabnews.com/supplements/Top100/top100_2006NEW.html. Retrieved 2008-09-17.
- ^ "Kingdom Holding Company". zawya.com. 2007-07-31. http://www.zawya.com/cm/profile.cfm/cid120673/. Retrieved 2008-09-17.
- ^ "Saudi Billionaire Alwaleed's Kingdom Holding Co. Sees 50% Jump In Profit". Forbes.com. http://www.forbes.com/sites/kerryadolan/2011/01/17/saudi-billionaire-alwaleeds-kingdom-holding-co-sees-50-jump-in-profit/. Retrieved Jan 19 2012.
- ^ "Saudi Kingdom Holding Company". http://publicintelligence.net/kingdom-holding-company/. Retrieved Jan 19 2012.
- ^ "Saudi Prince Pumps $300 Million Into Twitter". techrunch.com. 2011-12-18. http://techcrunch.com/2011/12/18/saudi-prince-pumps-300-million-into-twitter/. Retrieved 2011-12-18.
- ^ First Saudi Female Pilot Lands Job With Kingdom Holding, M. Ghazanfar Ali Khan, Arab News, 2004-11-24, accessed 2009-10-09
- ^ "HSBC announces joint venture in Africa". HSBC. 2005-07-05. http://www.hsbc.com/1/2/newsroom/news/news-archive-2005/hsbc-announces-joint-venture-in-africa. Retrieved 2008-09-17.
- ^ "HRH Prince Alwaleed bin Talal places first order for A380 flying palace" (Press release). Airbus. 12 November 2007. http://www.airbus.com/presscentre/pressreleases/press-release-detail/detail/hrh-prince-alwaleed-bin-talal-places-first-order-for-a380-flying-palace/. Retrieved 4 April 2011.
- ^ "Kingdom Holding Contracts Construction of World’s Tallest Tower". azobuild.com. 2011 [last update]. http://www.azobuild.com/news.asp?newsID=14284. Retrieved 25 August 2011.
