Prince Alwaleed ‘most influential Arab’
Riyadh, October 2, 2012
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), has been ranked number one in Middle East’s Magazine’s 2012 list of the World’s 50 Most Influential Arabs.
It is the fourth consecutive year that the Prince has received the ranking. He is known for his precision for exploring new and potential business opportunities, and ventures in synchronisation with the direction and fluctuations of the economic climate.
KHC was listed on Tadawul in 2007 and Prince Alwaleed who owns 95 per cent of the company has been involved in the creation of a diversified long term investments portfolio of strategic stakes in well-known companies locally and around the world, in multiple sectors.
Prince Alwaleed’s recognitions span over a decade and the most recent include being featured in Forbes magazine’s 2011 annual list of richest people for 12 consecutive years, ranked number one in the Arabic issue of Arabian Business Magazine's 2010 Gulf’s 25 Most Powerful CEOs.
He was also ranked number one in Arabian Business Magazine's 2010 Power 100 list of the World’s Most Influential Arabs, ranked one of the top 25 billionaires in the 2010 and 2009 Forbes Billionaires lists, and topped Arabian Business Magazine’s 2009 50 Richest Arabs List.
Alwaleed was also included in the 2009 Forbes World’s Powerful Billionaires list, in the 25 People Who will Affect Your Finances 2009 list in US News magazine, named the top single investor in Saudi Arabia according to Al Jazeerah newspaper that named investors who hold the most stakes in local companies as the Prince’s 95 per cent share in Kingdom Holding Company makes him the largest individual investor.
In 2008, he was ranked the largest private investor on the Saudi stock exchange, Arabian Business ranked him number one in their list of 100 Most Powerful Arabs for the fourth year running.
The Prince is active in social responsibility projects through significant local and international donations made by his philanthropic and humanitarian foundations spanning all continents.
In addition, he is an advocate for the promotion of East-West cultural and religious dialogue for tolerance and understanding in line with the initiative of the Custodian of the Two Holy Mosques King Abdullah.
In recognition of this, Time magazine listed Prince Alwaleed on the Time 100 issue and among the 12 Power Givers around the world for raising the profile of Islamic history and culture around the world in 2007. – TradeArabia News Service