- Flynas
Kingdom holds a 37.2% stake in IPO approved Flynas
Flynas, the leading low-cost airline in the Middle East, delivered record performance in 2024, serving over 14.7 million passengers, a 32% increase from 2023. The airline’s fleet currently contains 61 aircrafts with a commitment to upscaling its fleet by adding 157 aircrafts in the near future. flynas further increased its operations by adding 16 new routes and boasting a 22% increase in seat capacity on domestic and international flights.
- Citigroup
Banking & Financial Services
Throughout 2024, Citi delivered strong financial performance, reporting net income of USD 12.7 Bn. on revenues of USD 81.1 Bn. compared to net income of USD 9.2 Bn. on revenues of USD 78.0 Bn. in 2023. The re-structuring which began in 2023 has continued in 2024 as well, simplifying how the company is run and increase its efficiency. This is a process with KHC, a major shareholder since 1991, supports wholeheartedly.
- X and xAI
Technology and Artificial Intelligence
In parallel, XAI, the advanced artificial intelligence division, achieved significant growth in 2024. These milestones, alongside the company’s reorganization into five streamlined business units, underscores a commitment to long-term sustenance and profitability. XAI received its latest funding round (Series C) and attained a pre-money valuation of USD 45 Bn. and post-money valuation of USD 51 Bn.
- BSF
In 2024, BSF achieved a 7.6% increase in net income to X 4.54 Bn
The bank’s total assets reached X 292.8 Bn. In 2024, BSF continued its forward momentum by deepening its digital capabilities and further diversifying its product offerings. The bank introduced innovative services aimed at enhancing customer experience and operational efficiency.
- Four Seasons
Four Seasons Group forms part of the Vision 2030
Four Seasons, one of the world’s most prestigious hotel management companies, has been privately held by Kingdom Holding Company and Cascade Investment Management since 2007. With KHC’s involvement dating back to 1994, Four Seasons has evolved from a modest motoring inn founded in Toronto in 1961 into an iconic global brand. Today, it operates 132 luxury hotels & resorts and 55 residential properties in 47 countries.
- Accor
Accor Revenue grew by 10.9% in 2024
In 2024, Accor accelerated its growth trajectory, reinforcing its position as a global hospitality leader. The group expanded its lifestyle and luxury portfolio across strategic international markets, with a particular emphasis on the Middle East and Asia-Pacific; regions key to its long-term vision. Building on the strategic realignment initiated in the previous year, Accor launched advanced digital booking platforms and expanded its suite of contactless guest services, further enhancing both the guest experience and operational agility.
- Jeddah Economic Company
Jeddah Tower is on track to become the tallest building in the world
Jeddah Economic Company (JEC) was established in 2009 to develop a 5.3 million m² urban mixed-use destination in North Obhur, Jeddah, centred around the iconic Jeddah Tower, set to be the world’s tallest building at over 1,000+ meters.
