Country: Saudi Arabia
Kingdom Holding company is one of the most successful diversified investment holding firms in the world.
Founded in 1980, it has been led by the guiding force of Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and has interests in banking, real estate, telecommunications, broadcasting and media, entertainment, hospitality, computers and electronics, agriculture, restaurants, upscale fashion, retailing, supermarkets, tourism, travel and automotive manufacturing.
Kingdom Hotel Investments, headquartered in the Dubai International Financial Centre (DIFC) and listed on the Saudi stock exchange (Tadawul), has ownership stakes in three hotel management companies that own and operate 289 properties globally.
It also holds a track record of 33 successful exits on investments, such as the Four Seasons Hotel in Toronto for $170m in 2016.
KHC’s two significant real estate developments are Kingdom City, which includes the 1km tall Jeddah Tower, and Kingdom Riyadh, a master development covering more than 16.7 million sqm east of Riyadh.
The company posted a 6 percent rise in fourth-quarter net profit to $10.7m last year, versus $10.1m a year earlier.
According to KHC, it is the largest foreign investor in the US and one of the largest investors in the Middle East. Its international investments include Citigroup, News Corporation, Twitter, Time Warner, Apple, Walt Disney, and Disneyland Paris, while local investments include publicly-listed companies such as Saudi Research and Marketing Group, TASNEE (National Industrialisation Company), and privately owned entities including National Air Services, Kingdom Hospital, Consulting Clinics, Kingdom City and Kingdom Centre, including the Four Seasons Hotel Riyadh, and Rotana TV.
Prince Alwaleed is the richest Arab in the world.