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KHC gets approval for capital reduction
Filed under NewsFeb 11RIYADH: Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, on Wednesday announced the outcome of the company’s extraordinary general meeting (EGM) held at the Four Seasons Hotel here on Wednesday.
The EGM panel was headed by Chairman Prince Alwaleed and included the KHC board members — Talal Al-Maiman, executive director for development and domestic investments, P.J Shoucair, executive director for international investments, Ahmed Halawani, executive director for private equity including Shadi Sanbar who is the CFO of KHC. The panel also included the independent board members of KHC, Khaled Al-Souhem, Ammar A. Alkhudairy and Taher Agueel.
Tagged as: Abdullah;, Ahmed Halawani, Alwaleed bin Talal;, Ammar A. Alkhudairy, CFO, chairman, Citigroup;, Custodian, director for development and domestic investments, director for Private Equity, executive director, executive director for development, executive director for international investments, financial services;, Four Seasons Hotel;, JEDDAH, Khaled Al-Souhem, King, Kingdom Centre, Kingdom Holding Company;, Kingdom Hospital, Kingdom Tower, manufacturing, MIddle East;, National Industrialization Company, Prince, real estate development;, real estate projects, real estate;, Red Sea coast;, retail, retail facilities, Riyadh, SAKS Fifth Avenue, Shadi Sanbar, Shoucair, Taher Agueel -
Fernvale Investments commits 75m to PAIP
Filed under NewsFeb 9JEDDAH: Fernvale Investments (Mauritius) Pte Ltd. is making a capital commitment of $75 million to Pan-African Investment Partners II Ltd. (the second Kingdom Zephyr fund, known as PAIP II). This was announced here on Monday by Kingdom Holding Company (KHC).
Fernvale is a wholly owned indirect subsidiary of Temasek Holdings (Private) Ltd.
Tagged as: Africa;, Ahmed Reda Halawani, Alwaleed bin Talal;, chairman, Cote d'Ivoire, Development Bank;, director for Private Equity, executive director, Fernvale Investments, Fernvale Investments (Mauritius) Pte Ltd., heavy building materials, indirect subsidiary, International Finance Corporation;, investment bank, JEDDAH, Johannesburg Stock Exchange, Kingdom Holding Company;, Madagascar Mixta S.A., Netherlands Development Finance Company, Pan-African Investment Partners II Ltd., Prince, Private, South Africa;, Temasek Holdings (Private) Ltd., Thunnus Overseas Group, USD;
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