Kingdom of Saudi Arabia Is in Full Confidence With Kingdom Holding Company: Statement
The Kingdom of Saudi Arabia is in full confidence with Kingdom Holding Company (KHC), CEO Talal Al Maiman said on Tuesday.
Kingdom Holding’s Shares Crash After Arrest Of Prince Alwaleed In Anti-Corruption Probe
"I am not surprised by the Government's vote of confidence as KHC pursues its investment strategy and global business operations. I would also like to emphasize that KHC's experienced and seasoned team of senior executives, who are leaders in their respective fields, are focused on their unwavering responsibilities to KHC's shareholders and stakeholders," Al Maiman said in a statement.
Al Maiman added: "KHC is one of the world's most successful diversified investment holding companies. Our financial balance sheet is strong and our investment strategy is proving successful. KHC is managing over USD 12.5 billion of investments across thirteen distinct sectors globally. The company enjoys a solid financial position underpinned by a prudent and conservative funding plan leveraging strategic relationships with over fifteen local, regional and international banks.
Our management team is committed, collaborative and experienced. Finally, we are pleased to play a role in the continuing growth of Saudi Arabia and to strengthen the economy for the benefit of all."