Kingdom Holding Company (“KHC”) is a Saudi Arabian company and was founded by HRH Prince Alwaleed bin Talal in Riyadh in 1980. KHC is one of the world’s largest and most diversified private investment companies with holdings in a large number of Saudi Arabian, Middle Eastern and International companies. KHC’s total assets are valued at around SR94.44 billion (US$ 25 billion) as at 31 December 2006.
KHC won many prestigious awards, most recently:
1. 2007 Saudi Arabia’s Most Admired Company (Arabian Business)
2. 2007 Man of the Year (Arabian Business)
3. For the past four consecutive years ‘Saudi Arabia’s Number 1 Company’ (Arab News)
4. For the past 3 years, KHC was voted No.1, in the Top 50 Most Admired Arab Companies (Arabian Business)
5. Prince Alwaleed was voted as one to the Time 100 Power Givers (Time Magazine)
6. Prince Alwaleed was present in ‘40 Years of Power & Influence’ list (Institutional Investor)
Arabian Business has ranked Prince Alwaleed as number one in the ‘100 Most Powerful Arabs’ list for the last three consecutive years.
KHC’s domestic and international portfolio includes investments in many sectors from iconic real estate landmarks, world-famous luxury hotels to banking, media and information technology, retail business & healthcare, entertainment and tourism
KHC’s investment strategy is simple:
1. Focussing on core growth and value added industry sectors
2. Investing in high performance companies with leading brands
3. Maintaining a longer-term investment approach
4. Extracting value from undervalued or underperforming assets
5. Maximising Prince Alwaleed bin Talal’s unique experience, investment expertise and international network of contacts
KHC is the largest foreign investor in the US and one of the largest investors in the Middle East region.
As Chairman of KHC, Prince Alwaleed leads a multidisciplinary team of around 40 professionals. Together, they operate 24 hours a day from their offices in Riyadh overseeing KHC’s growing global portfolio with a success rate which has become renowned the world over.
Kingdom Hotel Investments (”KHI”), the leading international hotel and resort Investment Company chaired by HRH Prince Alwaleed Bin Talal, and the emerging market hotel investment vehicle of Kingdom Holding Company, is pleased to announce the acquisition of the Fours Seasons Hotel Jakarta for US$48 million. The acquisition is KHI`s first in Indonesia and reflects the group�s investment and diversification strategy in high growth emerging markets.
The hotel opened in 1995 as the Regent Jakarta and following a substantial refurbishment, was reopened in July 2004 as the re-branded Four Seasons Hotel Jakarta. It is located in the heart of Jakarta�s Golden Business Triangle, the commercial, political and cultural hub of Indonesia. This 365-room hotel is one of the most established hotels in the region. It has good access to the international airport and city attractions such as the National Monument.
This transaction further expands KHI`s portfolio in Asia to nine properties in seven countries, which now includes the Indonesian hotel market, a market showing real signs of recovery and development, fuelled by economic growth and increase in travel and tourism to the region.
KHI will own an 81.9% stake in the hotel.
HRH Prince Alwaleed Bin Talal, Chairman of KHI, said: “We continue to see considerable potential and opportunity in Asian region and delighted to be announcing today our first investment in the rapidly growing Indonesian hotel market.”KHI, headquartered in Dubai (UAE), is a leading international hotel and resort acquisition and development company focused on high growth emerging markets such as the Middle East, Asia, Africa and Europe.
The Company has ownership interests in 36 properties in 18 countries of which 14 hotels and resorts are currently under construction or undergoing a substantial renovation or expansion. KHI is listed on the Dubai and London stock exchanges.
KHC’s international portfolio was gradually built up within a few selected industries, primarily through privately negotiated acquisitions. In selecting individual investments, the focus has been on:
* Identifying high quality assets and management
* Managing the portfolio’s geographical investment focus to take advantage of the evolving global investment climate and optimising the timing of entry into each specific investment
* Emphasis on undervalued assets
* Emphasis on the development of strategic relationships to create additional value within the portfolio.
KHC is generally a long-term investor in its core companies, and seeks to work closely with the management of those companies and participate in strategic decisions. It believes that this active approach increases its overall portfolio returns. KHC also believes that the portfolio benefits from the diversity of the industries represented as well as geographic diversification among the various investments.
Within this diversified portfolio there are investments in local companies including Savola, Tasnee, Saudi Research and Marketing Group (SRMG) and National Air Services Company Limited (NAS), and two significant real estate developments, one in Jeddah and the other in Riyadh. The portfolio also includes investments in the recognized international names of Four Seasons Hotels and Resorts, George V Hotel in Paris, Fairmont Raffles International Inc., Mövenpick Hotels & Resorts, Songbird Estates (Canary Wharf), Apple Inc., Time Warner, News Corp., Walt Disney, Euro Disney, PepsiCo, Procter & Gamble, Motorola, Hewlett Packard and Eastman Kodak, among others.
Sarmad Zok, Chief Executive Officer of KHI, said: “The timing of this acquisition reflects the Company`s ability to acquire existing assets with growth perspective, which in this case will be driven by the market and KHI`s active asset management. The Four Seasons Hotel Jakarta is one of the most established hotels in Jakarta with a strong banquet and conference business in a market of high corporate demand. It is in a very central location close to demand generators and will launch KHI into another dynamic, emerging market territory.”
“Alwaleed Bin Talal Foundation is a charitable and philanthropic organization established by HRH Prince Alwaleed Bin Talal. Although there are informal links between Kingdom Holding Company and Alwaleed Bin Talal Foundation, Alwaleed Bin Talal Foundation is a financially, managerially and structurally separate entity and acts autonomously from Kingdom Holding Company. Aims and activities are focused on five main concerns:
1. Interfaith Dialogue:
Alwaleed Bin Talal Foundation helps reframe perceptions of Islam and the West through dialogue, programs, forums, and educational centers around the world in order to promote a greater understanding between the different faiths and world views.
2. Leadership Development:
Alwaleed Bin Talal Foundation works with existing centers, and organizations to identify, enable, empower, educate, and encourage leadership on social issues. Women’s leadership in Saudi Arabia and women’s leadership regionally and globally are of a particular focus for the foundation.
3. Saudi Arabia Development:
Saudi Arabia is one of the foundations key areas for developmental work.
Alwaleed Bin Talal Foundation encourages and supports organizations, studies, and academic centers focusing on empowering Saudi women, alleviating poverty, upgrading services provided to the population, and other social infrastructure issues that face the country.
The foundation is directly involved in major projects that provide direct aid to the citizens of Saudi Arabia ranging from medical aid to housing.
4. Poverty Alleviation:
Alwaleed Bin Talal Foundation works and sponsors the development of charities, funds and organizations that seek to eradicate poverty and its consequences from all over the world—but most especially in Africa, the Middle East, and other third world countries in Asia. The Foundation is one of the region’s leaders in sponsoring innovative and progressive ideas and technology to find more effective, long term solutions to poverty and its devastating consequences in the world.
Alwaleed Bin Talal Foundation works with International, regional, and local credible partners in providing financial resources to secure effective rapid aid, critical goods, and emergency services to poor countries affected by natural disasters.
Source : http://www.bisnisislam.com
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