Quotes: 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
 Jun 2 2015 - HE FM Assistant Meets UN Official, Discuss Libyan DevelopmentsQatar News Agency
(MENAFN - QNA) HE Foreign Minister's Assistant for International Cooperation Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Tuesday with Special Representative of the UN ...

 Jun 2 2015 - HE Minister of Environment Attends Seminar on Genetic ResourcesQatar News Agency
(MENAFN - QNA) The Agricultural Research Department hosted Tuesday a seminar on the access to genetic resources and its benefit. The seminar is to celebrate the World Environment day and was held at ...

 Jun 2 2015 - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - HE Minister of State for Defense Affairs Meets Turkey's Deputy Minister of National DefenseQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met here Tuesday with Turkey's Deputy Minister of National Defense Hassan Kamal Yar Deja and his ...

 Jun 2 2015 - Qatar - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - Serbian Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Serbia's Minister of Public Administration and Local Self-Government Kori Udovicki has met with HE Qatar's Ambassador in Belgrade Sheikh Mubarak bin Fahad Al-Thani. Discussions ...

 Jun 2 2015 - Saudi GDP to grow 3.5 percent in 2015MENAFN
(MENAFN) Saudi Arabia's Gross Domestic Product (GDP) is set to record 3.5 percent growth this year, remaining unmoved from 2014, according to the International Monetary Fund, Reuters reported.As the ...

 Jun 2 2015 - UAE spends USD14.3b over Etihad AirwaysMENAFN
(MENAFN) The government of the United Arab Emirates has spent over USD14.3 billion in Etihad Airways, USD9.1 billion was granted through equity financing and USD5.2b through loans, Arabian Business ...

 Jun 2 2015 - Famous international brands to capitalise their investments in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Ten years ago, no one would have imagined buying high-end products right from the heart of Cairo. However, nowadays, average local malls display impressive line of ...

 Jun 2 2015 - Egypt- Online platform to connect NGOs with private sector profitsDaily News Egypt
(MENAFN - Daily News Egypt) In the words of 23-year-old Khaled Yousry regarding his project: "I just want to make this country a better place for people to live in."Talking about the main reason he ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help