Company Insights Kingdom Holding Company Banking & Finance Kingdom Holding Company Overview Kingdom Holding Company is a Saudi conglomerate headquartered in Riyadh. It was founded and is chaired by Prince Al-Waleed bin Talal and has a large global presence. Kingdom Holding Company is publicly traded on the Saudi Stock Exchange and is well known for its broad investments in a variety of sectors. Its investment portfolio spans financial services, real estate, tourism, media, entertainment, petrochemicals, aviation and technology. Some of its key tourism investments include Four Seasons Hotels & Resorts, Fairmont Raffles Swissotel and 100 percent ownership of Hotel George V in Paris. In the education and healthcare sectors, it owns Kingdom Schools and Kingdom Hospital-Consulting Clinics. Its media and entertainment holdings in the Mena region include Rotana Group and Lebanese Broadcasting Corporation. Kingdom Holding Company has made strategic investments in a number of global firms, including 21st Century Fox, JD.com, Amazon, Apple, X (Twitter) and Citigroup. It has also invested heavily in enterprises including Samba (Saudi American Bank) and Marvel Comics. KHC’s global influence has expanded in recent years as it has actively invested in Sub-Saharan Africa through its Kingdom Africa Management subsidiary. In May 2024 it helped Elon Musk’s artificial intelligence startup xAI to secure $6 billion in a series B funding round. It is also undertaking ambitious projects such as the Jeddah Tower, which aims to be one of the world’s tallest structures. Kingdom Holding Company News Banking & Finance Damac chairman Sajwani’s wealth doubles to more than $10bn The fortune of Hussain Sajwani, the chairman of Dubai-based Damac Properties, has doubled in the last year as he takes his place among the world’s wealthiest individuals to become the richest businessman in the Middle East. The 72-year-old real estate magnate is worth $10.2 billion, the annual rich list from Forbes says, significantly higher than […] April 2, 2025 Aviation Low-cost carrier Flynas to offload 30% on Saudi bourse Saudi low-cost carrier Flynas has received the market regulator’s approval to offload nearly a third of its shares on the local stock exchange in the latest of a series of bourse flotations. The airline, partly owned by billionaire Prince Alwaleed Bin Talal, will sell 51.3 million shares or 30 percent of its stock in an initial public […] April 1, 2025 Banking & Finance Kingdom Holding to pay 2024 dividend despite revenue drop Kingdom Holding Company (KHC), the conglomerate owned by Saudi Arabian Prince Alwaleed Bin Talal, will pay an annual dividend despite a fall in revenues for 2024. The dividend payout will reach SAR1 billion ($267 million), or 2.8 percent of its capital, the investment company said in a statement to the Saudi stock exchange on Monday. […] March 17, 2025 Aviation Saudi budget airline Flynas expects IPO approval soon Saudi low-cost carrier Flynas is likely to get approval soon from the market regulator for its planned listing on the Riyadh stock exchange. Talal Al Maiman, CEO of the airline’s part-owner Kingdom Holding, said in an interview with Al Arabiya TV at the World Economic Forum that Flynas planned to list 30 percent of its […] January 23, 2025 Media & Advertising KHC would consider TikTok stake if Musk bought in Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok if Elon Musk or others offered to buy it, CEO Talal Ibrahim al-Maiman told Al Arabiya TV on Wednesday. The search to find a buyer for the Chinese-owned popular short video app continues after it went dark and […] January 22, 2025 Tech Tech and crypto make a mark as Trump takes charge Donald Trump’s inauguration on Monday as the 47th President of the United States was an overt display of the evolving ties between technology, politics and finance. The presence of tech industry titans and the cryptocurrency market’s dramatic response highlighted the strong relationship between Trump’s administration and the tech world, with potential long-term impacts for Gulf […] January 21, 2025 Real Estate Jeddah Tower to cost $26bn as work restarts Saudi Arabian royal and billionaire Prince Al-Waleed bin Talal has revealed that the Jeddah Tower, which will be the world’s tallest structure, will cost nearly 100 billion riyals ($26 billion) to complete over the next three and half years. Construction has officially resumed on the project after it was paused in 2018. “We are back,” […] January 21, 2025 Artificial Intelligence Oman buys stake in Elon Musk’s AI company The Oman Investment Authority (OIA), the sultanate’s sovereign wealth fund, has acquired a stake in xAI, the artificial intelligence company founded by Elon Musk, the world’s richest man. The deal was announced on Wednesday by the Omani state news agency but the size of the investment was not disclosed. Musk, who is worth around $486 […] December 18, 2024 Analysis Entrepreneurs What next for Kingdom Holding’s $2bn X investment? When Elon Musk took ownership of Twitter in 2022 for $44 billion, he did so with the help of Saudi Arabia’s Prince Alwaleed bin Talal and his Kingdom Holding, which put up nearly $2 billion of the price, and the Qatar Investment Authority, which handed over $375 million. The investment made the Saudi company the […] November 25, 2024 Economy Billionaires in UAE rise as Saudi numbers drop The number of billionaires in the UAE increased in the last year as the amount of super-wealthy residents in neighbouring Saudi Arabia dropped. Forty-eight billionaires lived in the UAE in 2023, with a combined wealth of $205 billion, a year-on-year increase of 7 percent. Dubai made up 39 of that total and welcomed one extra […] November 24, 2024 Posts navigation 1 2 3 Next
Banking & Finance Damac chairman Sajwani’s wealth doubles to more than $10bn The fortune of Hussain Sajwani, the chairman of Dubai-based Damac Properties, has doubled in the last year as he takes his place among the world’s wealthiest individuals to become the richest businessman in the Middle East. The 72-year-old real estate magnate is worth $10.2 billion, the annual rich list from Forbes says, significantly higher than […] April 2, 2025
Aviation Low-cost carrier Flynas to offload 30% on Saudi bourse Saudi low-cost carrier Flynas has received the market regulator’s approval to offload nearly a third of its shares on the local stock exchange in the latest of a series of bourse flotations. The airline, partly owned by billionaire Prince Alwaleed Bin Talal, will sell 51.3 million shares or 30 percent of its stock in an initial public […] April 1, 2025
Banking & Finance Kingdom Holding to pay 2024 dividend despite revenue drop Kingdom Holding Company (KHC), the conglomerate owned by Saudi Arabian Prince Alwaleed Bin Talal, will pay an annual dividend despite a fall in revenues for 2024. The dividend payout will reach SAR1 billion ($267 million), or 2.8 percent of its capital, the investment company said in a statement to the Saudi stock exchange on Monday. […] March 17, 2025
Aviation Saudi budget airline Flynas expects IPO approval soon Saudi low-cost carrier Flynas is likely to get approval soon from the market regulator for its planned listing on the Riyadh stock exchange. Talal Al Maiman, CEO of the airline’s part-owner Kingdom Holding, said in an interview with Al Arabiya TV at the World Economic Forum that Flynas planned to list 30 percent of its […] January 23, 2025
Media & Advertising KHC would consider TikTok stake if Musk bought in Saudi Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok if Elon Musk or others offered to buy it, CEO Talal Ibrahim al-Maiman told Al Arabiya TV on Wednesday. The search to find a buyer for the Chinese-owned popular short video app continues after it went dark and […] January 22, 2025
Tech Tech and crypto make a mark as Trump takes charge Donald Trump’s inauguration on Monday as the 47th President of the United States was an overt display of the evolving ties between technology, politics and finance. The presence of tech industry titans and the cryptocurrency market’s dramatic response highlighted the strong relationship between Trump’s administration and the tech world, with potential long-term impacts for Gulf […] January 21, 2025
Real Estate Jeddah Tower to cost $26bn as work restarts Saudi Arabian royal and billionaire Prince Al-Waleed bin Talal has revealed that the Jeddah Tower, which will be the world’s tallest structure, will cost nearly 100 billion riyals ($26 billion) to complete over the next three and half years. Construction has officially resumed on the project after it was paused in 2018. “We are back,” […] January 21, 2025
Artificial Intelligence Oman buys stake in Elon Musk’s AI company The Oman Investment Authority (OIA), the sultanate’s sovereign wealth fund, has acquired a stake in xAI, the artificial intelligence company founded by Elon Musk, the world’s richest man. The deal was announced on Wednesday by the Omani state news agency but the size of the investment was not disclosed. Musk, who is worth around $486 […] December 18, 2024
Analysis Entrepreneurs What next for Kingdom Holding’s $2bn X investment? When Elon Musk took ownership of Twitter in 2022 for $44 billion, he did so with the help of Saudi Arabia’s Prince Alwaleed bin Talal and his Kingdom Holding, which put up nearly $2 billion of the price, and the Qatar Investment Authority, which handed over $375 million. The investment made the Saudi company the […] November 25, 2024
Economy Billionaires in UAE rise as Saudi numbers drop The number of billionaires in the UAE increased in the last year as the amount of super-wealthy residents in neighbouring Saudi Arabia dropped. Forty-eight billionaires lived in the UAE in 2023, with a combined wealth of $205 billion, a year-on-year increase of 7 percent. Dubai made up 39 of that total and welcomed one extra […] November 24, 2024
