Live Currency Rates
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- KHC expands investments in Bahrain  Join our daily free Newsletter

MENAFN - Arab News - 21/01/2013

No. of Ratings : 0
Add to Mixx!


Prince Alwaleed receives Sheikh Rashid bin Khalifa Al-Khalifa, Bahrain’s Interior Ministry Undersecretary for Nationality, Passports and Residence Affairs and an accompanying delegation. (AN photo)
(MENAFN - Arab News) Prince Alwaleed bin Talal, Chairman of Kingdom Holding Company (KHC) has confirmed his commitment to develop his investments in Bahrain at a meeting held with Bahrain leaders and officials in his office in Riyadh on Saturday.

Prince Alwaleed has already announced that Rotana media group and Alarab news channel will be relocating their headquarters to the neighboring country.

In the meeting on Saturday, Prince Alwaleed met with Sheikh Rashid bin Khalifa Al-Khalifa, Bahrain's Interior Ministry Undersecretary for Nationality, Passports and Residence Affairs and an accompanying delegation. The delegation included Sheikh Khalifa bin Rashid Al-Khalifa; Khalid Al-Sha'er, Assistant Undersecretary of the Ministry for Ceremonies and Protocol; and Khalid Al-Kuwari, Sheikh Rashid bin Khalifa's office manager.

The meeting was also attended by Heba Fatani, Senior Executive Manager, Corporate Communications Department; Intisar AlYamani, Executive Manager, Corporate Communications Department; and Fahad Bin Saad Bin Nafel, Executive Assistant to Prince Alwaleed.

Sheikh Rashid and Prince Alwaleed discussed the close ties between their respective countries and global and regional social and economic issues.
Prince Alwaleed referred to KHC's investments in Bahrain in the financial sector through Citigroup; in the hotel and tourism sector through the construction of the Four Seasons and Mvenpick hotels; and through his private investments that include Rotana and Alarab news channel. He added that he wants to expand his investments in Bahrain.

KHC has a 33.3 percent stake in Mvenpick Hotels and Resorts, a 47.5 percent stake in Four Seasons Hotels and Resorts, which is co-owned by Bill Gates' Cascade in which the company also holds a 47.5 percent stake. Five percent of the Four Seasons is owned by Isadore Sharp, the company's chairman.

Sheikh Rashid handed Prince Alwaleed a letter from Prince Khalifa bin Salman Al-Khalifa, prime minister of the Kingdom of Bahrain.

Prince Alwaleed, who is chairman of the Rotana Group and the owner of Alarab News Channel, visited the Kingdom of Bahrain in December 2012, where he met with the Bahraini prime minister to discuss the relocation of Rotana and Alarab.

Prince Alwaleed said: "The Rotana and Alarab relocation to Bahrain coincides with the handover of the GCC (Gulf Cooperation Council) Summit presidency from Saudi Arabia to Bahrain." He said it was a "strategic step for Rotana and Alarab news channel and a giant leap for media in the region."
In May 2012, King Hamad awarded Prince Alwaleed the "The Bahrain Medal of the First Order" the country's highest honorary medal.

In February 2012, Prince Alwaleed and Prince Salman Bin Hamad Al-Khalifa, Crown Prince of the Kingdom of Bahrain, attended the inauguration of "Bahrain the Capital of Arab Culture 2012" at the National Museum of Bahrain. Manama was selected as the capital of Arab culture for 2012.

In December 2011, Prince Alwaleed congratulated Bahrain for the national team gold medal victory in the 12th football championship of the Arab Games which concluded in Doha, Qatar. Prince Alwaleed gave 10,000 as a gift to each team member and stressed the importance of supporting sports and athletes in the GCC countries.


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Gitex Shopper Spring 2014 to open doors today ,Khaleej Times
(MENAFN - Khaleej Times) Gitex shopper spring 2014 is set to open doors today with best bargains on latest tech products along with millions of dirhams worth of prizes during the four-day ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

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