The Board of Directors of Kingdom Holding Company (KHC) has welcomed back its chairman Prince Alwaleed bin Talal.

 

Engineer Talal Almaiman, CEO of KHC said in a statement: "We are very pleased to welcome back HRH Prince Alwaleed to continue his important work as Chairman of Kingdom Holding Company. I would like to thank His Royal Highness and KHC’s Board of Directors for the trust they have placed in the management team of this great company to deliver on our commitment to create premium value through KHC’s investment strategy. 

 

Saudi billionaire Prince Alwaleed was released recently from detention in an anti-graft crackdown by the government. Saudi Arabia’s attorney general said on Tuesday that settlement deals had secured more than $100 billion from several businessmen.

 

"We are also proud to have great partners who continue to support us in reaching our investment goals and strong returns for KHC shareholders. I would also like to praise the superb performance and unwavering support of our executive team and KHC staff during this time,” he said.

 

The strategy of KHC is aligned with Vision 2030 under the leadership of King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to create strong investor appeal and a business environment in which KHC and its partners can flourish, he added.  - TradeArabia News Service