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Kingdom Holding Company
Native name
شركة المملكة القابضة
Company typeJoint-stock company
Tadawul: 4280
ISINSA31RG522S19 Edit this on Wikidata
Founded1980; 44 years ago (1980)
Headquarters
Riyadh
,
Saudi Arabia
Key people
Revenue1,759,917,000 Saudi riyal (2019) Edit this on Wikidata
AUMUS$ 13.6 billion (2022)[1]
Total assets48,370,443,000 Saudi riyal (2019) Edit this on Wikidata
Owner
Websitewww.kingdom.com.sa

The Kingdom Holding Company (KHC; Arabic: شركة المملكة القابضة‎) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul (Saudi stock exchange). The KHC consists of a select team of experienced investment specialists directed by its founder and chairman, Prince Al-Waleed bin Talal[2] and chief executive officer, Eng. Talal Ibrahim Al Maiman. The company describes itself as a diversified investment company, whose main interests are financial services, real estate, tourism and hospitality, media, entertainment, petrochemicals, aviation and technology.

Present investments

Present investments include:[3]

Past investments

Past investments include:[3]

Other involvements

The company is known for hiring the first Saudi female commercial pilot, Captain Hanadi Zakaria al-Hindi, who trained at the Mideast Aviation Academy in Jordan.[10]

It is the owner of and was the lead developer of the Kingdom Centre in Riyadh, Saudi Arabia.[citation needed]

Kingdom Holding is an active investor in sub-saharan Africa through Kingdom Africa Management, a private equity firm and subsidiary based in South Africa, Ghana and Nigeria. Kingdom Africa is run by J. Kofi Bucknor and focuses on growth equity investments.[citation needed]

In 2007, the company committed to purchasing an Airbus A380 "Flying Palace" for $485 million,[11] however according to the Kingdom Holding's chief financial officer the plane has been sold.[12]

In April 2010, the company sold part of its stake in Raffles Holdings International in a deal worth about $847 million to a group of investors, including an affiliate of Qatar’s sovereign wealth fund.[13]

In August 2011, the company announced plans for the construction of Jeddah Tower, one of the tallest buildings in the world.[14]

References

  1. ^ https://www.forbesmiddleeast.com/lists/top-100-listed-companies-2022/kingdom-holding-company-khc
  2. ^ "Saudi Arabia is giving itself an extreme makeover with 'giga-projects.' Will it work?". Los Angeles Times. 12 January 2023. Retrieved 4 December 2023.
  3. ^ a b "Saudi Kingdom Holding Company". Archived from the original on 26 January 2012. Retrieved 19 January 2012.
  4. ^ "Kingdom Holding". kingdom.com.sa. Retrieved 25 January 2023.
  5. ^ "Saudi's Kingdom Holding among group investing $247.7 million in Lyft". Reuters. 24 December 2015. Retrieved 5 September 2016.
  6. ^ "Saudis 'second largest investors' in Twitter after Musk takeover". Al Jazeera. 28 October 2022.
  7. ^ Wagdy, Lilian (28 October 2022). "Saudi's Kingdom Holding company to maintain Twitter stake". Reuters.
  8. ^ "Salon Mickey Blog". Salon Mickey Blog. Retrieved 6 June 2017.
  9. ^ "AccorHotels completes acquisition of Mövenpick Hotels & Resorts". group.accor.com. Retrieved 10 October 2021.
  10. ^ First Saudi Female Pilot Lands Job With Kingdom Holding, M. Ghazanfar Ali Khan, Arab News, 24 November 2004, retrieved 9 October 2009 Archived 27 May 2006 at the Wayback Machine
  11. ^ "HRH Prince Alwaleed bin Talal places first order for A380 flying palace" (Press release). Airbus. 12 November 2007. Retrieved 4 April 2011.
  12. ^ Prince Alwaleed bin Talal insulted at only being No 26 on Forbes rich list • The Guardian, 5 March 2013.
  13. ^ "Kingdom Holding Sells Stake in Raffles". dealbook.nytimes.com. 5 April 2010. Retrieved 20 September 2012.
  14. ^ "Kingdom Holding Contracts Construction of World's Tallest Tower". www.azobuild.com. 2011. Retrieved 25 August 2011.

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