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Kingdom Holding Company
Saudi conglomerate holding company
From Wikipedia, the free encyclopedia
The Kingdom Holding Company (KHC; Arabic: شركة المملكة القابضة) is a Saudi holding company, based in Riyadh and listed on the Saudi stock exchange.
| |
Native name | شركة المملكة القابضة |
|---|---|
| Type | Joint-stock company |
| Tadawul: 4280 | |
| ISIN | SA31RG522S19  |
| Founded | 1980 |
| Headquarters | , Saudi Arabia |
Key people |
|
| Revenue | 1,759,917,000 Saudi riyal (2019) |
| 2,498,508,000 Saudi riyal (2023) | |
| 988,243,000 Saudi riyal (2023) | |
| AUM | US$ 13.6 billion (2022)[1] |
| Total assets | 54,098,335,000 Saudi riyal (2023) |
| Owner |
|
| Website | www |
KHC's founder and current chairman is Prince Al-Waleed bin Talal,[2] while Engineer Talal Ibrahim Al Maimand serves as chief executive officer.[3]
Investments
The company's investments are spread in financial services, real estate, tourism and hospitality, media, entertainment, petrochemicals, aviation and technology.
Current investments include:[4]
- Four Seasons Hotels & Resorts (Canada-based) (owns 23.75% with Cascade Investment, LLC, and others)[5]
- Fairmont Raffles Swissotel (minority ownership with Accor)
- Hotel George V (100%) (France)
- National Industrialization Company (100%) (Saudi Arabia)
- Rotana Group (Arabic: روتانا), entertainment company (100%) (Saudi Arabia)
- xAI (minority stake)[6]
KHC had previously invested in 21st Century Fox (US / 6% minority stake, sold in 2017); 360buy (China / now publicly traded as JD.com); Amazon (US); AOL / Time Warner (US); Apple (US); Canary Wharf (UK); Euro Disney S.A.S. (France / now owned by The Walt Disney Company on an 87.15%;[7] Mövenpick Hotels & Resorts (Switzerland / 33% minority stake, sold in 2018 to Accor[8]); X Corp. (US / minority stake, now owned by xAI);[9][10][11] and in many others.
Other endeavors
The company hired the first Saudi female commercial pilot, Captain Hanadi Zakaria al-Hindi, who trained at the Mideast Aviation Academy in Jordan.[12]
