What does the Kingdom holding company Do?
Kingdom Holding Co is an investment holding company with its operations based in the Kingdom of Saudi Arabia. The principal activities are hotel management and operation, commercial services, education, investments, and medical services. The company derives maximum revenue from Hotels.
Who owns the Kingdom holding company?
Al-Waleed bin Talal
Kingdom Holding Company
| Type | Saudi Joint Stock Company |
|---|---|
| Revenue | 1,759,917,000 Saudi riyal (2019) |
| Total assets | 48,370,443,000 Saudi riyal (2019) |
| Owner | Al-Waleed bin Talal (95%) |
| Website | www.kingdom.com.sa |
How do I contact Al Waleed bin Talal?
Alwaleed Bin Talal Foundation
- Address: P.O. Box 33, Riyadh 11321, Kingdom of Saudi Arabia.
- Telephone: + 966 1 4881111.
- Fax: + 966 1 4881112.
- Website: http://www.alwaleedfoundations.org.
- Secretary General: Muna Abu Sulayman.
What’s a conglomerate holding company?
A conglomerate is a large business formed when one company purchases or merges with many other companies. Conglomerates are often formed with a single parent company. That company, known as a “holding company,” owns a part or all of the other companies, known as “subsidiaries.”
Where is Prince Talal now?
He later completed a master’s in social science at Syracuse University in New York. Al-Waleed owns three palaces in Saudi Arabia. He spends most of his time in the magnificent Kingdom Palace in central Riyadh, which is estimated to be worth around US$130 million.
How do conglomerates work?
A conglomerate is a corporation that is made up of a number of different, sometimes unrelated businesses. In a conglomerate, one company owns a controlling stake in a number of smaller companies all of whom conduct business separately and independently.
Are conglomerates successful?
These are extremely well-run companies with excellent management teams and clear targets set for divisions. Successful conglomerates typically sell off underperforming companies and don’t overpay for acquisitions.