Complex Made Simple

Sheikh Tamim and Prince Alwaleed meet in Qatar

HH Sheikh Tamim Bin Hamad Al Thani, Emir of Qatar met HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and Alwaleed Bin Talal Foundation, during HRH’s visit to Qatar on Sunday 14th December 2014. During the meeting, they discussed the warm friendship between their two countries, Kingdom of Saudi Arabia and Qatar, and referred to a number of political, economic, investment and social issues. The meeting touched upon the latest developments in the GCC and globally, as well as Prince Alwaleed’s investments in alliance with Qatar through KHC. The meeting was also attended by HE Sheikh Abdullah Bin Mohammed Bin Saud Al Thani, CEO of Qatar Investment Authority (QIA) at Sheikh Tamim’s Albahar Palace.

Moreover, Prince Alwaleed, through KHC, has a solid investment relationship with the Qatari government. KHC recently announced that Katara Hospitality, owned by the Government of Qatar, and Fairmont Raffles Hotels International (“FRHI”), have together acquired the 50 per cent stake in the iconic London landmark, The Savoy, that was held by Lloyds Banking Group. The famous London hotel is now jointly owned by KHC and the Government of Qatar.

In November 2014, Prince Alwaleed visited Qatar and met with HH Sheikh Tamim Bin Hamad and HH Sheikh Hamad Bin Khalifa Al-Thani at the Castle of Sheikh Ali Bin Abdullah Al-Thani. Also during the visit, Prince Alwaleed attended the Charitable Gala dinner of the Reach Out To Asia (ROTA) Initiative, titled “Plant a Book” that was held in Doha in the presence of HH Sheikh Tamim Bin Hamad and HH Sheikh Hamad Bin Khalifah Al Thani, under the patronage of HH Sheikha Al Mayassa Bint Hamad Al Thani, Chairperson of ROTA. The Alwaleed Bin Talal Foundation, which is chaired by His Highness, contributed to ROTA and in support of its “You Can” education project in Pakistan.

During the Gala dinner, Prince Alwaleed received the “Lifetime Achievement” award that was awarded by HH Sheikha Al Mayassa Bint Hamad in recognition of the devotion and sincerity wielded by His Highness in philanthropy and sustainable development on both global and regional scales.

In 2010, entities controlled by the Qatari government became a significant investor in Fairmont. Through their strategic alliance, KHC and Qatar are the only shareholders of the company.

Furthermore, His Highness’s indirect investments in hotels through KHC in Qatar include the management of the Four Seasons Doha, Movenpick Doha and Movenpick Doha Tower and Suites, and in the financial sector through Citigroup. Furthermore, Raffles manages the Le Royal Monceau in Paris that is owned by Qatar.

During the trip in 2011, Prince Alwaleed attended the 4th Charity Gala Dinner “Reach out to Asia” (ROTA) with HH Sheikha Moza Bint Nasser Al Missned, Chairperson of Qatar Foundation on behalf of HH Sheikh Hamad Bin Khalifa Al-Thani. The occasion was also attended by Sheikha Al-Mayassa Bint Hamad, HE President Heinz Fischer, President of Austria and the First Lady Mrs. Margit Fischer. Moreover, Alwaleed Bin Talal Foundation made a contribution during the occasion to ROTA’s core operations for the building of schools in rural and poor areas in Asia.

In 2005, Prince Alwaleed made a contribution through Alwaleed Foundation during the charity dinner ceremony held in Doha to aid afflicted areas in Asia as part of the Helping Hands Initiative for Asia. In 2009, Prince Alwaleed attended the 3rd ROTA Charity Gala Dinner with HH Sheikh Hamad Bin Khalifa Al-Thani, and HH Sheikha Moza Bint Nasser Al Missned.