Kingdom Holding Company is a Saudi public joint-stock company, established in 1979. Its shares have been traded on the Saudi Stock Exchange since 2007. The company operates in the field of global investments and holds a prominent position in the Kingdom of Saudi Arabia, the Gulf region, and worldwide.
Investment history of the Kingdom Holding Company
In 1979, Prince Alwaleed Bin Talal founded his private company under the name "Kingdom Establishment for Trading and Contracting." Several years later, in 1996, the company's name was changed to Kingdom Holding Company. After completing its first deal, the company reinvested the profits into the real estate sector in Riyadh City.
In 1980, Kingdom Holding Company entered the Saudi banking sector. In 1988, it acquired a controlling stake in the troubled United Saudi Commercial Bank. With a change in management, the bank became one of the most profitable commercial banks in the Kingdom within just one year.
In 1991, the company invested in Citibank (later named Citigroup), which was at risk of collapse at the time. However, the bank overcame its difficulties and regained its strength and position.
In 1999, the company completed a merger deal with Saudi American Bank, resulting in the creation of one of the largest banking groups in the region. In 2019, the company acquired significant stakes in sectors including hotels, real estate, banking, media, social media, aviation, entertainment, ride-sharing, healthcare, and education.
Investment sectors of Kingdom Holding Company
The capital of Kingdom Holding Company is set at SAR37,058,823,000. It is one of the largest companies in the Kingdom, holding a portfolio of investments, shares, bonds, and partnerships in global companies.
Among the sectors that the company has invested in are telecommunications, media and television channels, banking, technology, hotels, real estate, construction, mass retail clothing, and entertainment.
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