Kingdom Holding Company

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Recent Articles

• Kingdom announces world's tallest tower18 October 2008

  Kingdom Holding Company (KHC) has launched plans to build the tallest tower in the world as part of a US $26.7 billion (SAR100 billion) project in Saudi Arabia.

• 40% say race to build tallest tower is 'inappropriate'16 October 2008

  Arabian Business poll reveals opinions are split over Dubai, Saudi projects.

• Alwaleed's Kingdom Holding to build 1km tower12 October 2008

  Gulf's second kilometre-high building inside a week announced for Jeddah.

• Alwaleed firm signs $800mn financing deal14 September 2008

  Prince's Kingdom Holding Co agrees plan with banks to fund future investments.

• Prince Alwaleed named as biggest investor17 August 2008

  Saudi billionaire has $14.3bn worth of shareholdings on Saudi exchange.

• Alwaleed's Kingdom Q2 profit up on local investments21 July 2008

  Net income up 22% to $143mn despite drop in dividends from foreign shareholdings.

• Kingdom Holding buys 30% of NAS17 June 2008

  Purchase of stake in Saudi aerospace firm aimed at increasing exposure to region's aviation sector.

• Fairmont to manage landmark Mecca hotel6 May 2008

  ATM: Kingdom-owned hotel chain teams up with Saudi Binladin on Clock Tower Hotel.

• Leading Arabs shine in Time 1005 May 2008

  Sheikh Mohammed and Prince Alwaleed prominent figures in annual list of most influential people.

• Kingdom offloads Monte Carlo hotel for $40mn22 April 2008

  Saudi conglomerate controlled by Prince Alwaleed sees Q4 profit rise 5% to $81mn.

• Readers vote Sheikh Ahmed 2nd most powerful Arab7 April 2008

  Public votes Emirates CEO no.2 instead of Arabian Business Power 100 rank of no.10.

• Banking trumps Power 100 as most powerful industry1 April 2008

  Lucrative sector scores almost one-third of total positions, edging out culture and leisure.

• Saudi stocks drop on global economic fears15 March 2008

  Kingdom Holding leads losses as investors limit exposure to US financial sector crisis.

• Prince Alwaleed to invite bids for mile-high tower23 February 2008

  Building could be twice as high as Burj Dubai, set to become world's tallest structure.

• Twice as high as Burj Dubai21 February 2008

  New world's tallest building to be built in Middle East region, double height of current record holder.

• HRH Prince Alwaleed bin Talal and Cisco CEO discuss multimedia future20 January 2008

  Prince Alwaleed bin Talal and John Chambers discuss collaboration between Rotana Audio Visual and Cisco on new multimedia delivery platforms

• Kuwait steps in to sure up Citigroup and Merrill16 January 2008

  Kuwait Investment Authority to invest $3bn in Citigroup and $2bn in Merrill.

• Alwaleed fund to plough $500mn into Africa19 December 2007

  Fund to target 10 investments to ride on back of strong economic growth across continent.

• Kingdom Holding buys NAS stake18 November 2007

  Saudi group acquires 9% stake in National Air Services, gains exposure to regional aviation sector.

• Prince Alwaleed buys A380 as private jet12 November 2007

  DUBAI AIRSHOW: Saudi Arabia's Prince Alwaleed bin Talal will be the first private owner of the super-jumbo.

• Prince Alwaleed stands by Citi as profit nosedives3 October 2007

  US bank's largest shareholder says warning of 60% drop in profit a 'mere hiccup'.

• Bechtel bags $15bn Jeddah project18 September 2007

  Kingdom Holdings has turned to US contractor to manage building of luxury community in northern Jeddah.

• Kingdom shares finish up 19.5%29 July 2007

  Shares of Prince Alwaleed's Kingdom Holding debut 32% above IPO price, fall back to 19.5% later in day.

• Kingdom Holding shares to trade Sunday25 July 2007

  Capital Markets Authority says shares of Alwaleed's Kingdom will start trading on the Saudi bourse this Sunday.

• Alwaleed IPO unaffected by Islamic edicts 22 July 2007

  Kingdom Holding's share offering was double oversubscribed despite religious edicts, attracting $2.3 billion.