HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman
of Kingdom Holding Company (KHC) received at his office in
Riyadh, The Rt Hon. Martin Brian Mulroney former Canadian
Prime Minister. The meeting was attended by Dr. Nahla
Alanbar, Private Executive Assistant to HRH the Chairman.
The meeting began as Prince Alwaleed cordially received Rt
Hon. Martin Brian Mulroney who thanked HRH for his reception.
During the meeting, the two discussed a number of economic
and investment issues, including the Prince's investments in
Canada through KHC. Kingdom Holding Company is the largest
investor in Canada through Four Seasons Hotels and Resorts
and Fairmont Raffles Hotels International (FRHI).
Furthermore, the former PM expressed that his government
warmly welcomes HRH to further invest in Canada, and explore
investment opportunities there. Mr. Mulroney also expressed
his hope that His Highness's visit will further strengthen
economic bi-lateral relations between Saudi Arabia and
Canada.
Kingdom Holding Company holds a 47.5% stake in the Four
Seasons which is co-owned by Bill Gates' Cascade with a 47.5%
stake, and 5% is owned by Isadore Sharp.
In 2010, Prince Alwaleed received at his office in Riyadh,
The Hon Peter Van Loan, Canadian Minister of International
Trade and an accompanying delegation. In the same year, KHC
announced an US$847 Million Transaction with Qatari Diar
involving FRHI. Under the agreements, Voyager Partners
Limited (Voyager) has acquired for a combination of cash and
other consideration a 40% shareholding in FRHI. In addition,
QD Hotel & Property Investment Limited (QDHP) has undertaken
to provide FRHI with a number of future management contracts
for hotels that will be branded either Fairmont, Raffles or
Swissotel. In 2006, Kingdom and Colony completed the
acquisition of Fairmont Hotels & Resorts which was combined
with the Raffles Hotels Group. In addition, Prince Alwaleed's
investment in the banking sector in Canada via Kingdom
Holding is through Citigroup.
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