Prince Alwaleed Bin Talal, chairman of Kingdom Holding has been a shrewd and successful investor and major international business figure for many years.
He established Kingdom Holding in 1979 and by the end of the next decade had gained a controlling interest in the ailing United Saudi Commercial Bank. USCB was fixed and then merged with another struggler of the time, Saudi Cairo Bank. Eventually USCB merged with top player Saudi American Bank. Prince Alwaleed would later become Citibank’s largest shareholder (which has paid off handsomely for him). Apart from his significant domestic investments, Alwaleed also has holdings in majors such as News Corp and The Four Seasons. According to the CFI judging panel, Kingdom Holding’s rewarding investment strategy and strong commercial judgment make this organisation – led by the charismatic Prince Alwaleed – an obvious Middle East choice in the 2012 Corporate Leadership Awards. The judges point out that the Company’s sphere of influence is global.
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