Arab women and affordable housing: falling short?

  • Share via facebook
  • Tweet this
  • Bookmark and Share
 

50 richest Arabs in the world revealed

1.HRH Prince Alwaleed Bin Talal Al Saud
$26.6bn ($21.3bn)
Saudi Arabia

The rapid rise in the price of KHC stock means that the Prince’s 95 percent stake in the Company, together with his private assets, which include real estate and other local, regional and international assets, and Rotana, which is 80 percent owned by the Prince, now bring his total wealth to $25.9bn. It also places the prince in pole position for the eighth year in succession.

But arguably, the past twelve months have been amongst his very best. By early December Kingdom Holding shares registered a remarkable 147 percent rise over the previous twelve months.

Kingdom Holding is active in thirteen sectors; financial services; real estate; hotel management; hotel real estate; aviation; petrochemicals; media and publishing; entertainment; private equity; healthcare and education; consumer and retail; agriculture, and various African investments.

Second-quarter results for this year show a net profit of SR178.9m ($47.70m), compared to SR163.5m in the same period a year earlier. That equates to a 9.4 percent rise, while first-quarter profits went up 11.3 percent, thanks in part to the sales of its stake in Toronto's Four Seasons Hotel and its share of the Oasis Kingdom project in Riyadh.

But it’s the Prince’s key investments that have made a huge difference, including a 34 percent jump this year in News Corp’s share price, a company in which he holds a 7 percent stake. Kingdom Holding also made a $300m investment in Twitter last year, which sources suggest equates to around 4 percent of the company.

As in previous years, our estimate for the Prince’s total wealth has been verified by his private office.

Sunday, 16 Dec 2012 10:02 AM
Tools: Share Email
 
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Features & Analysis
Playing the name game in Dubai

Playing the name game in Dubai

The long list of celebrity-endorsed real estate developments...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Most Discussed
  • 23
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 17
    UK looks to close tax loophole on expat landlords

    UK taxes too much and too complicated and time taking and confusing and continuous. Returns, lawyers, HMRC, taxes too much for too little. Not worth the... more

    Sunday, 17 August 2014 12:40 PM - AbdolRahman
  • 16
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer