Company Insights Kingdom Holding Company Banking & Finance Kingdom Holding Company News Real Estate Kingdom Holding’s profit rises 36% to $319m Kingdom Holding Company (KHC), founded by Saudi billionaire Prince Alwaleed Bin Talal and the developer behind what will be the tallest tower in the world, said nine-month 2024 net profit jumped 36 percent to SAR1.2 billion ($319.4 million) from SAR856 million a year ago. The higher profit was driven by an increase in the share […] November 7, 2024 Real Estate Work to resume on world’s tallest tower in Saudi Arabia Construction is to resume on the world’s tallest tower in Jeddah, Saudi Arabia, which will be over one kilometre high when completed. Jeddah Economic Company (JEC), an associate of Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal, has reached an agreement with Saudi Binladin Group to continue developing the Jeddah Economic Company Tower, KHC […] October 3, 2024 Construction Three Saudi companies acquire fund behind world’s tallest tower The Saudi Arabian fund behind what will be the tallest tower in the world has been acquired in a $1.8 billion (SAR6.8 billion) deal. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company (JEC) have signed an agreement to take ownership of the Al Inma Jeddah Economic Fund, which is currently wholly owned by […] July 22, 2024 Artificial Intelligence Prince Alwaleed part of Elon Musk’s $6bn AI funding round Elon Musk’s artificial intelligence startup xAI has secured $6 billion in a series B funding round led by investors including Saudi billionaire Prince Alwaleed Bin Talal and his investment firm Kingdom Holding Company. The round, which also included investments from Dubai-based Vy Capital and US companies Andreessen Horowitz and Sequoia Capital, will assist the commercial […] May 28, 2024 Leisure & Hospitality Kingdom Holding plans $267m dividend despite profit drop Kingdom Holding Company (KHC) plans to distribute a dividend of more than SAR1 billion ($267 million) for 2023 despite profits falling by 85 percent. The board of the investment company, founded by Saudi billionaire Prince Alwaleed Bin Talal, proposed a 2.8 percent cash dividend, totalling SAR1.03 billion, for 2023, subject to shareholders approval. Net profit […] March 27, 2024 Giga-projects Red Sea Global secures $522m for Four Seasons Resort Saudi giga-project developer Red Sea Global (RSG) has secured SAR2 billion ($522 million) from Riyad Bank for its latest tourism project in the Red Sea development. The financing will be used to develop Four Seasons Resort, part of a joint venture between RSG and Kingdom Holding Company, which was incorporated in December 2023. The Four […] February 12, 2024 Leisure & Hospitality Kingdom Holding, Red Sea Global set up JV to develop $533m resort Saudi-listed Kingdom Holding Company said that it has incorporated a new joint venture with Public Investment Fund-backed Red Sea Global Company to develop a tourist resort in the kingdom. East Shoura III Real Estate Company is the new venture between Kingdom Holding’s wholly-owned subsidiary, Sea Front Company, and RSG’s Red Sea Investment Co. II subsidiary. […] December 25, 2023 Finance Kingdom Holding ups stake in Citigroup with Alwaleed deal Kingdom Holding Company has increased its investment in Citigroup after buying a $450 million stake from its Saudi Arabian billionaire chairman, Prince Alwaleed Bin Talal. The deal has raised Kingdom’s stake to 2.2 percent from 1.63 percent, according to a filing on the Saudi Stock Exchange on Wednesday. The company did not disclose any further […] November 29, 2023 Leisure & Hospitality Kingdom Holding profit up 10% on higher hotel revenue Kingdom Holding Company, the investment firm of Saudi billionaire Prince Alwaleed Bin Talal, reported a 10 percent increase in net profit to SAR391.2 million ($104.29 million) in the third quarter of 2023. The profit was driven by an increase in hotel and other operating revenue, higher finance income, and lower withholding and income tax. Despite […] November 10, 2023 Video length: 07:23 FII Banking & Finance World Bank to Wall Street, FII attracts financial elite Slickly choreographed dancers clad in futuristic outfits and a teenage boy in a shiny tuxedo singing a power ballad set the stage for the seventh Future Investment Initiative (FII) in Riyadh, and all at nine o’clock in the morning. However, there were immediately more serious themes at play at the event, which opened on Tuesday. […] October 25, 2023 Posts navigation Previous 1 2 3 Next
Real Estate Kingdom Holding’s profit rises 36% to $319m Kingdom Holding Company (KHC), founded by Saudi billionaire Prince Alwaleed Bin Talal and the developer behind what will be the tallest tower in the world, said nine-month 2024 net profit jumped 36 percent to SAR1.2 billion ($319.4 million) from SAR856 million a year ago. The higher profit was driven by an increase in the share […] November 7, 2024
Real Estate Work to resume on world’s tallest tower in Saudi Arabia Construction is to resume on the world’s tallest tower in Jeddah, Saudi Arabia, which will be over one kilometre high when completed. Jeddah Economic Company (JEC), an associate of Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal, has reached an agreement with Saudi Binladin Group to continue developing the Jeddah Economic Company Tower, KHC […] October 3, 2024
Construction Three Saudi companies acquire fund behind world’s tallest tower The Saudi Arabian fund behind what will be the tallest tower in the world has been acquired in a $1.8 billion (SAR6.8 billion) deal. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company (JEC) have signed an agreement to take ownership of the Al Inma Jeddah Economic Fund, which is currently wholly owned by […] July 22, 2024
Artificial Intelligence Prince Alwaleed part of Elon Musk’s $6bn AI funding round Elon Musk’s artificial intelligence startup xAI has secured $6 billion in a series B funding round led by investors including Saudi billionaire Prince Alwaleed Bin Talal and his investment firm Kingdom Holding Company. The round, which also included investments from Dubai-based Vy Capital and US companies Andreessen Horowitz and Sequoia Capital, will assist the commercial […] May 28, 2024
Leisure & Hospitality Kingdom Holding plans $267m dividend despite profit drop Kingdom Holding Company (KHC) plans to distribute a dividend of more than SAR1 billion ($267 million) for 2023 despite profits falling by 85 percent. The board of the investment company, founded by Saudi billionaire Prince Alwaleed Bin Talal, proposed a 2.8 percent cash dividend, totalling SAR1.03 billion, for 2023, subject to shareholders approval. Net profit […] March 27, 2024
Giga-projects Red Sea Global secures $522m for Four Seasons Resort Saudi giga-project developer Red Sea Global (RSG) has secured SAR2 billion ($522 million) from Riyad Bank for its latest tourism project in the Red Sea development. The financing will be used to develop Four Seasons Resort, part of a joint venture between RSG and Kingdom Holding Company, which was incorporated in December 2023. The Four […] February 12, 2024
Leisure & Hospitality Kingdom Holding, Red Sea Global set up JV to develop $533m resort Saudi-listed Kingdom Holding Company said that it has incorporated a new joint venture with Public Investment Fund-backed Red Sea Global Company to develop a tourist resort in the kingdom. East Shoura III Real Estate Company is the new venture between Kingdom Holding’s wholly-owned subsidiary, Sea Front Company, and RSG’s Red Sea Investment Co. II subsidiary. […] December 25, 2023
Finance Kingdom Holding ups stake in Citigroup with Alwaleed deal Kingdom Holding Company has increased its investment in Citigroup after buying a $450 million stake from its Saudi Arabian billionaire chairman, Prince Alwaleed Bin Talal. The deal has raised Kingdom’s stake to 2.2 percent from 1.63 percent, according to a filing on the Saudi Stock Exchange on Wednesday. The company did not disclose any further […] November 29, 2023
Leisure & Hospitality Kingdom Holding profit up 10% on higher hotel revenue Kingdom Holding Company, the investment firm of Saudi billionaire Prince Alwaleed Bin Talal, reported a 10 percent increase in net profit to SAR391.2 million ($104.29 million) in the third quarter of 2023. The profit was driven by an increase in hotel and other operating revenue, higher finance income, and lower withholding and income tax. Despite […] November 10, 2023
Video length: 07:23 FII Banking & Finance World Bank to Wall Street, FII attracts financial elite Slickly choreographed dancers clad in futuristic outfits and a teenage boy in a shiny tuxedo singing a power ballad set the stage for the seventh Future Investment Initiative (FII) in Riyadh, and all at nine o’clock in the morning. However, there were immediately more serious themes at play at the event, which opened on Tuesday. […] October 25, 2023
