Prince Alwaleed receives Chairman and CEO of PepsiCo

The meeting was also attended by a delegation from KHC and Rotana Group that is chaired by Prince Alwaleed that included Mr. Shadi Sanbar, Executive Director and CFO, KHC Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, KHC and Ms. Intisar AlYamani, Executive Manager, Corporate Communications Department, KHC, from Rotana the delegation included Mr. Fahad Alsukait, CEO- Rotana Group and CEO of Alarab news channel that is owned by Prince Alwaleed and Mr. Nizar Nagro, President of Rotana Media Services.

The meeting began as Ms. Nooyi thanked Prince Alwaleed for giving her the opportunity to meet him. During the meeting the two discussed the latest developments in both KHC and PepsiCo. Moreover, Prince Alwaleed and Ms. Nooyi also discussed a number of general economic issues.

PepsiCo Inc. was formed in 1965 and is an American multinational food and beverage corporation headquartered in Purchase, New York, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products.

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world's most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally.

KHC's portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media, petrochemicals, aviation and agriculture.