Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Twitter investment of KHC and Prince Alwaleed rises to $1.2bn  Join our daily free Newsletter

MENAFN - Arab News - 30/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held a board meeting at the company's headquarters in Riyadh.
The meeting was held to oversee KHC's performance in 2013, approve 2014 budget and operation strategy.
The meeting also outlined and fortified KHC's diversified investment strategy, long-term vision for growth and development, and for future prospective investment opportunities.
During the meeting, the board referred to KHC and Prince Alwaleed's combined investment in Twitter that has increased from 300 million to around 1.2 billion since Twitter's IPO in November 2013 as per market closing on Friday Dec. 27.
The meeting was attended by the KHC board
It comprised Talal Al-Maiman, executive director for development and domestic investments and member of the investment committee, Shadi Sanbar, KHC's chief financial officer (CFO) and member of the investment committee, Sarmad Zok, executive director of Hotel Investments and member of the investment committee, and the independent board members that comprises Saleh Al-Sagri, Taher Agueel and Rasha El-Hoshan.
Prince Alwaleed represented Khaled Al-Saheem during the meeting in his absence.
Mohammed Fahmy, deputy CFO, also attended the meeting.
KHC also announced the retirement of Shadi Sanbar from his position as CFO effective December 31, 2013 during the board meeting.
In addition, Sanbar will serve as senior financial adviser to Prince Alwaleed, chairman of KHC and will remain as a non-executive member of the board of directors of KHC and board member to other KHC associates namely Four Seasons Hotels and Resorts and Fairmont Hotels and Resorts Inc. Holding Limited.
In addition, KHC announced the appointment of Mohammed Fahmy as the CFO effective January 1, 2014 and member of the investment committee. Also, KHC announced the appointment of Adel Alsayed, executive director for International and Private Equity as a KHC board member effective January 15, 2014.

 


Arab News




  MENA News Headlines
 Sep 19 2014 - Iran slammed for Syria-Iraq chaosArab News
(MENAFN - Arab News) Leaders from various Arab countries participating in a conference entitled 'Arabian Gulf and Regional Challenges which concluded here on Wednesday urged nations to unify to help ...

 Sep 19 2014 - Doha doesn't back extremists: EmirArab News
(MENAFN - Arab News) BERLIN: Qatar's emir said in Germany on Wednesday that his state does not back 'terrorist organizations' and Chancellor Angela Merkel said she had no reason to doubt him.The ...

 Sep 19 2014 - Imaginative septuagenarian boats vehicle to tiny islandArab News
(MENAFN - Arab News) A 70-year-old man sailed across an 8-km span of sea with a truck on board two boats that were tied together.Ali Suhail took his Toyota Hilux from the Farasan Island to Qimah ...

 Sep 19 2014 - Forced evacuations as Philippine volcano spews lavaArab News
(MENAFN - Arab News) LEGAZPI Philippines: Lava cascaded down the Philippines' most active volcano on Wednesday as authorities rushed to evacuate thousands ahead of a possible deadly eruption.Mostly ...

 Sep 19 2014 - Blind Saudi sculptor to exhibit work in UKArab News
(MENAFN - Arab News) A student with a visual disability has been selected to exhibit her work at an international event in the United Kingdom.Zahra Al-Dhamen a Saudi media student at King Saud ...

 Sep 19 2014 - Saudi- Water levels rise due to heavy rain in AsirArab News
(MENAFN - Arab News) Heavy rainfall in the Asir region Tuesday evening covered a number of towns and population centers.The Civil Defense Department in Asir sent safety patrols to several locations ...

 Sep 19 2014 - Saudi- Big Madinah push for SMEsArab News
(MENAFN - Arab News) Madinah Gov. Prince Faisal bin Salman Monday launched a massive program to boost small and medium enterprises (SME) in the region as part of a plan to boost the national ...

 Sep 19 2014 - Saudi- Cop killer duo handed deathArab News
(MENAFN - Arab News) A court sentenced two terror suspects to death on Tuesday for jointly murdering a policeman and injuring 12 others in an armed confrontation with security men at the residential ...

 Sep 19 2014 - Changing Pakistan: Tardy MPs thrown off jetArab News
(MENAFN - Arab News) ISLAMABAD: Angry Pakistani passengers have forced two lawmakers off a plane for delaying its departure by almost two hours. A video covering the drama was posted online.Irate ...

 Sep 19 2014 - Saudi- Technology forum begins at KACSTArab News
(MENAFN - Arab News) The 3rd Advanced Technologies Forum 2014 kicked off on Tuesday at the King Abdulaziz City for Science & Technology (KACST) under the patronage of Custodian of the Two Holy ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help