Press Release Content

HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company, received at his office in Riyadh, Ugandan Ambassador to Saudi Arabia, His Excellency Hajj Aziz Kalungi Kasujji.

The meeting began as the ambassador thanked HRH for giving him the opportunity to meet with him. During the meeting the two discussed several issues of importance on an economic and social front. Furthermore, ambassador Kasujji extended an invitation from the Ugandan President, Yoweri Kaguta Museveni to Prince Alwaleed to re-visit his country.

His Excellency also expressed his government’s desire for HRH to invest in the country, and said that the government welcomes the Prince to further invest in the hotel sector there. KHC’s investment in Uganda through Kingdom Hotel Investments (KHI) includes the Movenpick Kampala that is currently under construction and is due to open in 2010.

The Prince had visited Uganda in 2006. During his trip, Prince Alwaleed met with the Ugandan President. The President thanked Prince Alwaleed for his visit and commended him on his efforts in helping economic development in Africa, and his humanitarian contributions to Africa. Furthermore, they explored investment activities that can be carried out through Kingdom Holding Company and its affiliates.

Furthermore, during his trip, the Prince was bestowed the "Grand Commander of the Order of the Pearl of Africa" by President Museveni. In 2005, HRH was awarded an Honorary Doctorate of Letters by The Islamic University of Uganda.

LATEST PRESS RELEASES