Prince Al Waleed Bin Talal's Alarab news channel strikes new deal with Bloomberg

Published May 19th, 2016 - 04:00 GMT
 Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg.  (Kingdom Holding Company)
Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg. (Kingdom Holding Company)

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and owner of Alarab News Channel, met with Michael Bloomberg, founder of Bloomberg at the company’s headquarters in New York during the former’s visit to New York.

The meeting was attended by Fahad Alsukait, CEO of Rotana Group and Alarab News Channel that are owned by Alwaleed and Hassna Alturki, Executive Manager for International Relations to the Chairman and Fahad Bin Nafel, Senior Executive Assistant to the Chairman.

During the meeting, the two discussed media related issues. The meeting touched upon the latest economic developments in the GCC, and globally.

Alwaleed had announced an agreement with Bloomberg LP in which Bloomberg will support the creation of financial and economic news programing throughout the day on the channel. The Alarab news channel is an independent venture from Kingdom Holding Company and Rotana Group and is privately owned by Alwaleed.

Alwaleed meet Lloyd Blankfein, Chairman and CEO, Goldman Sachs Group at the company’s headquarters. During the meeting, the two discussed investment related issues. The meeting touched upon the latest economic developments in the GCC, and globally.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.


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