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RIYADH: 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.

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RIYADH – Health tourism accounted for over SR800 million out of the total spending by both citizens and expatriates for domestic tourism in 2007, a recent report from the Supreme Commission for Tourism and Antiquities (SCTA) said.
At the same time, foreign tourists spent over SR400 million to undergo treatment in the Kingdom during the period, said the report.
Medical tourism is a combination of wellness and health care coupled with leisure and relaxation, which is aimed at rejuvenating a person mentally, physically and emotionally by removing him fromm his daily routine to a relaxed environment in an exotic location, Gulf News reported Friday.
The SCTA report showed that there are several medical firms and centers to promote medical tourism in the main cities of the Kingdom.
These include Prince Sultan City for Humanitarian Services, Dr. Sulaiman Al-Habeeb Center, Kingdom Hospital, Dallah Hospital, Ibn Rushd Hospital, Saudi German Hospital, Qari Medical Center for Blood Diseases and Tumors, Dr Abdul Rahman Baksh Hospitals, and Eid Clinic.
There are several other clinics springing up in various regions of the Kingdom. Abdul Rahman Al-Jassas, SCTA’s executive director for tourism development in the Riyadh region, said that Saudi Arabia is also making giant strides in business and conference tourism.
“Riyadh hosted more than 50 percent of these types of tourism activities Kingdom-wide during the last year,” he said.
He attributed this to the quality of the infrastructure facilities in Riyadh for hosting such events, such as large conference halls and exhibition venues.
Al-Jassas said that Riyadh will witness the opening of a number of hotels over the next two years, thus increasing the capacity to accommodate more tourists.
“There will be more participation by the younger generation, especially students and volunteers in event management in Riyadh in future. This will be a big boost for developing their qualities for voluntary work and service to society,” he said.
In another development, SCTA and the Commission for the Promotion of Virtue and Prevention of Vice signed a cooperation agreement for the development of domestic tourism.
Under the agreement, both organizations will increase cooperation.

JEDDAH: Kingdom Holding Company (KHC) headed by Prince Alwaleed bin Talal has registered a net income of SR155.5 million, an increase of 48 percent when compared to the results of the third quarter of 2009.

Consolidated net income for 12 months totaled SR402.6 million, said the company while announcing the result.

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JEDDAH: Prince Alwaleed bin Talal has donated shares worth SR2.24 billion ($597.3 million), part of his private stakes in Citigroup, to Kingdom Holding, the company said in a statement on Tuesday. It said the transfer was made free of charge.

Kingdom Holding Company (KHC), chaired by Prince Alwaleed, said it received a donation from the prince in the form of 180 million shares in Citigroup. The value is SR2.24 billion as of end-2009, the company said.

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RIYADH: Prince Alwaleed bin Talal, chairman of Kingdom Holding Company, hosted a dinner in honor of Radion Popov, Bulgarian deputy minister of foreign affairs, on Saturday at Kingdom Resort.

The two leaders discussed the latest regional and international issues and the bilateral relations between Saudi Arabia and Bulgaria.

Prince Alwaleed was briefed on the investment opportunities in Bulgaria especially in the hospitality sector. Popov extended an invitation to Prince Alwaleed from his country's vice president to visit Bulgaria. Popov was taken on a tour of Kingdom Projects and Rotana in Riyadh. The tour included visits to Kingdom Schools, Kingdom City, Kingdom Hospital and Kingdom Center.

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