Overview
His Royal Highness Prince Alwaleed bin Talal is the chairman of the board of directors of Kingdom Holding Company.[1] The listing and trading of the company's share on the Saudi financial market began in 2007, within the services sector.[2]
On 20 January 2025 he attended in the city of Jeddah the announcement by Kingdom Holding Company of the resumption of construction work on Jeddah Tower and the pouring of concrete, alongside the company's chief executive officer, Eng. Talal Al-Maiman, and representatives of a number of real-estate and architectural companies.[1]
Kingdom Holding Company
Prince Alwaleed bin Talal chairs the board of directors of Kingdom Holding Company.[1] The listing and trading of its share on the Saudi financial market began on Sunday 29 July 2007, within the services sector.[2] The Saudi Capital Market Authority announced the addition of the shares of subscribers in the company in accordance with the shares allotted to each subscriber.[2]
The Authority set the times for entering orders for the share from ten in the morning, with trading beginning at a quarter past ten and continuing until the close of the market through the Saudi Exchange (Tadawul), with the fluctuation ratio open for the first day only.[2] The news of the start of trading was issued from Riyadh on 13 Rajab 1428 AH, corresponding to 27 July 2007.[2]
Jeddah Tower
On 20 Rajab 1446 AH, corresponding to 20 January 2025, Kingdom Holding Company announced from Jeddah the resumption of construction work on Jeddah Tower and the pouring of concrete, in the presence of His Royal Highness Prince Alwaleed bin Talal, chairman of the company's board of directors, the chief executive officer Eng. Talal Al-Maiman, and representatives of a number of real-estate and architectural companies.[1]
The tower includes luxury residential units, commercial spaces, the Four Seasons Hotel, and an observation deck offering views of the city of Jeddah and the Red Sea.[1]
The Economic Dimension of the Project
The height of Jeddah Tower exceeds 1000 meters, and it will become the tallest building in the world.[1] The project is in line with the goals of the Kingdom of Saudi Arabia to diversify the economy and enhance sustainable urban development, within Saudi Vision 2030.[1]
Frequently Asked Questions
Q: Who is Prince Alwaleed bin Talal? A: His Royal Highness Prince Alwaleed bin Talal, chairman of the board of directors of Kingdom Holding Company.[1]
Q: Which company's board of directors does he chair? A: Kingdom Holding Company, whose share began to be listed and traded on the Saudi financial market on Sunday 29 July 2007, within the services sector.[2]
Q: What is Jeddah Tower's standing at the global level? A: Its height exceeds 1000 meters, and it will become the tallest building in the world.[1]
Q: When and where was the resumption of construction work on Jeddah Tower announced? A: On 20 Rajab 1446 AH, corresponding to 20 January 2025, in the city of Jeddah.[1]
Q: Who is the chief executive officer of Kingdom Holding Company? A: Eng. Talal Al-Maiman.[1]
Conclusion
Related topics
- HistoricJeddah TowerJeddah Tower is a skyscraper under construction in the city of Jeddah, standing more than 1,000 metres high and set to be the tallest building in the world on completion. It comprises luxury residential units, commercial spaces, a Four Seasons hotel and an observation deck overlooking the city and the Red Sea.
- RegionJeddah CityJeddah City is a Saudi city that is a gateway to the Two Holy Mosques and a station through which cultures have passed. Its history spans more than 1,400 years, and it is home to Historic Jeddah, inscribed on the World Heritage List in 2014, alongside modern development projects, most notably the Jeddah Central Project.
- CityRiyadh (city)Capital of Saudi Arabia and seat of the Riyadh Region emirate, beside Diriyah, home to Qasr Al-Hukm and Masmak Palace.
- Financial institutionsCapital Market Authority: Regulation and Investor ProtectionExplore the Saudi Capital Market Authority's role in securities regulation, disclosure and market oversight, and understand how the regulator differs from the exchange operator.
- TopicSaudi Tadawul GroupSaudi Tadawul Group is a Saudi holding company that forms the parent company of the Kingdom's capital market; the Saudi Stock Exchange (Tadawul) announced its conversion into it on 25 Sha'ban 1442 AH, corresponding to 7 April 2021. The Group comprises four subsidiaries, and its shares were listed on the Main Market after an initial public offering at which its market value reached SAR 12.6 billion.
- National visions and programmesSaudi Vision 2030: A Framework for TransformationAn introduction to Saudi Vision 2030, its social, economic and institutional themes, and the relationship between implementation programmes, long-term targets and measured results.