Kingdom Holding Company
Encyclopedia
Kingdom Holding Company is a public holding company
headquartered in Kingdom Centre
in Riyadh, Saudi Arabia, and is the largest company in Saudi Arabia. It is controlled by Prince Alwaleed Bin Talal Bin Abdulaziz, and is headquartered in the city of Riyadh
. The company is publicly listed in the Saudi Stock Exchange
, but only 6% of the shares are public, the remaining 94% being owned by Prince Alwaleed.
The company describes itself as a diversified investment company, whose interests include banking, real estate, telecommunications, broadcasting and media, entertainment, hospitality, computers and electronics, agriculture, restaurants, upscale fashion, retailing, supermarkets, tourism, travel and automotive manufacturing.
Its international investments include (or have included)
The company is known for hiring in 2004 Captain Hanadi Zakariya Hindi, the first Saudi female commercial pilot, who trained at the Mideast Aviation Academy in Jordan
.
It is also the owner of the Kingdom Centre
.
In July 2005, Kingdom announced a joint venture with HSBC
to invest in growth companies in Sub-Saharan Africa
.
In 2007 the company committed to purchasing an Airbus A380
"Flying Palace" for an undisclosed amount.
In August 2011, the company announced plans for the construction of Kingdom Tower, which will become the tallest building in the world.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
headquartered in Kingdom Centre
Kingdom Centre
Kingdom Centre also called Al Mamlaka Tower is a skyscraper located in the city of Riyadh, Saudi Arabia. It is currently the second tallest skyscraper in Saudi Arabia with a height of . It's also the third tallest building with a hole in the world . AL-Mamlka Tower contains a total of 41 floors...
in Riyadh, Saudi Arabia, and is the largest company in Saudi Arabia. It is controlled by Prince Alwaleed Bin Talal Bin Abdulaziz, and is headquartered in the city of Riyadh
Riyadh
Riyadh is the capital and largest city of Saudi Arabia. It is also the capital of Riyadh Province, and belongs to the historical regions of Najd and Al-Yamama. It is situated in the center of the Arabian Peninsula on a large plateau, and is home to 5,254,560 people, and the urban center of a...
. The company is publicly listed in the Saudi Stock Exchange
Tadawul
Saudi Stock Exchange or Tadawul is the only stock exchange in Saudi Arabia. It is supervised by the Capital Market Authority. The Tadawul All-Share Index reached its highest point at 20,634.86 on 25 February 2006. It lists 144 publicly traded companies...
, but only 6% of the shares are public, the remaining 94% being owned by Prince Alwaleed.
The company describes itself as a diversified investment company, whose interests include banking, real estate, telecommunications, broadcasting and media, entertainment, hospitality, computers and electronics, agriculture, restaurants, upscale fashion, retailing, supermarkets, tourism, travel and automotive manufacturing.
Its international investments include (or have included)
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/Time WarnerTime WarnerTime Warner is one of the world's largest media companies, headquartered in the Time Warner Center in New York City. Formerly two separate companies, Warner Communications, Inc... - Apple Inc.
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- Coca Cola
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- Disneyland Paris
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- Hotel George V, ParisHotel George V, ParisHôtel George-V is a famous luxury five-star hotel set just off the Champs-Élysées on Avenue George V, in Paris, France. It is named, like the street in which it is situated, after King George V.-History:...
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- Mövenpick Hotels & ResortsMövenpick Hotels & ResortsMövenpick Hotels & Resorts is an upscale international Swiss hotel chain. The hotels are primarily 5-star resort hotels and business/airport hotels....
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- LBCI Lebanese Broadcasting Corporation International
- SAMBASamba Financial GroupSamba Financial Group , is a large banking firm in Saudi Arabia. The combined institution had 66 branches in the Kingdom...
, Saudi American Bank - Rotana Group (Arabic: روتانا), the Arab World's largest entertainment company
- Kingdom Hotels International, public company listed on the Dubai International Financial ExchangeDubai International Financial ExchangeNASDAQ Dubai , is a stock exchange opened on September 26, 2005, in Dubai, United Arab Emirates.-Listed products and market status:...
The company is known for hiring in 2004 Captain Hanadi Zakariya Hindi, the first Saudi female commercial pilot, who trained at the Mideast Aviation Academy in Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
.
It is also the owner of the Kingdom Centre
Kingdom Centre
Kingdom Centre also called Al Mamlaka Tower is a skyscraper located in the city of Riyadh, Saudi Arabia. It is currently the second tallest skyscraper in Saudi Arabia with a height of . It's also the third tallest building with a hole in the world . AL-Mamlka Tower contains a total of 41 floors...
.
In July 2005, Kingdom announced a joint venture with HSBC
HSBC
HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
to invest in growth companies in Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa as a geographical term refers to the area of the African continent which lies south of the Sahara. A political definition of Sub-Saharan Africa, instead, covers all African countries which are fully or partially located south of the Sahara...
.
In 2007 the company committed to purchasing an Airbus A380
Airbus A380
The Airbus A380 is a double-deck, wide-body, four-engine jet airliner manufactured by the European corporation Airbus, a subsidiary of EADS. It is the largest passenger airliner in the world. Due to its size, many airports had to modify and improve facilities to accommodate it...
"Flying Palace" for an undisclosed amount.
In August 2011, the company announced plans for the construction of Kingdom Tower, which will become the tallest building in the world.