Company History

Four-decade journey of strategic investments, transformative projects, and global partnerships that shaped Kingdom Holding Company's position as one of the region’s most influential investment firms. This timeline highlights the milestones that define our growth, vision, and long-term value creation.
  • 1980
    Kingdom Establishment for Commerce and Trade.
  • 1982
    First construction project in Riyadh.
  • 1988
    Controlling stake in United Saudi Commercial Bank, 20x in share value.
  • 1989
    Investment in Citigroup.
  • 1991
    Investments in Citigroup increased.
  • 1993
    A stake in Saks Fifth Avenue, flagship store in Riyadh.
  • 1994
    Stakes in Fairmont and Four Seasons.
  • 1996
    Acquisition of George V and renovation of the hotel.
  • 1997
    A stake in Movenpick Hotels & Resorts.
  • 1998
    * Reorganized as Kingdom Holding Company. * Construction of Kingdom Centre, Kingdom Hospital, Kingdom Schools, and Kingdom City announced.
  • 2002
    Kingdom Centre opens.
  • 2007
    * Kingdom Holding Company IPO, 315 million shares, attracts USD 2.3 Bn. (SAR 8.6 Bn). * Kingdom Holding Company acquires 47.5% stake, takes Four Seasons private at USD 3.8 Bn EV.
  • 2010 – 2011
    * Kingdom Hotel Investments taken private. * KHC invests in X (previously known as Twitter) ahead of its IPO.
  • 2016
    KHC acquires 5.8% stake in Accor Hotels.
  • 2017
    KHC acquires 16% stake in Banque Saudi Fransi.
  • KHC acquires 7% stake in Careem for USD 62 Mn.
  • 2020
    Uber acquires KHC-backed Careem for USD 3.1 Bn.
  • 2022
    23.75% Four Seasons stake sale at USD 10Bn EV.
  • PIF acquires 16.87% stake in Kingdom Holding Company.
  • 2023 – 2024
    2 Bn Joint Venture with Red Sea Global to develop Four Seasons Resort Red Sea at Shura Island.
  • 2024
    Jeddah Tower is on track to become the tallest building in the world.
  • KHC invests in xAI (rounds B & C).
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