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Native name | شركة المملكة القابضة |
---|---|
Company type | Joint-stock company |
Tadawul: 4280 | |
ISIN | SA31RG522S19 |
Founded | 1980 |
Headquarters | , Saudi Arabia |
Key people |
|
Revenue | 1,759,917,000 Saudi riyal (2019) |
AUM | US$ 13.6 billion (2022) [1] |
Total assets | 48,370,443,000 Saudi riyal (2019) |
Owner |
|
Website |
www |
The Kingdom Holding Company (KHC; Arabic: شركة المملكة القابضة) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadāwul (Saudi stock exchange). The KHC consists of a select team of experienced investment specialists directed by its founder and chairman, Prince Al-Waleed bin Talal [2] and chief executive officer, Eng. Talal Ibrahim Al Maiman. The company describes itself as a diversified investment company, whose main interests are financial services, real estate, tourism and hospitality, media, entertainment, petrochemicals, aviation and technology.
Present investments include: [3]
Past investments include: [3]
The company is known for hiring the first Saudi female commercial pilot, Captain Hanadi Zakaria al-Hindi, who trained at the Mideast Aviation Academy in Jordan. [10]
It is the owner of and was the lead developer of the Kingdom Centre in Riyadh, Saudi Arabia.[ citation needed]
Kingdom Holding is an active investor in sub-saharan Africa through Kingdom Africa Management, a private equity firm and subsidiary based in South Africa, Ghana and Nigeria. Kingdom Africa is run by J. Kofi Bucknor and focuses on growth equity investments.[ citation needed]
In 2007, the company committed to purchasing an Airbus A380 "Flying Palace" for $485 million, [11] however according to the Kingdom Holding's chief financial officer the plane has been sold. [12]
In April 2010, the company sold part of its stake in Raffles Holdings International in a deal worth about $847 million to a group of investors, including an affiliate of Qatar’s sovereign wealth fund. [13]
In August 2011, the company announced plans for the construction of Jeddah Tower, one of the tallest buildings in the world. [14]