Alwaleed tops Arabian Business Magazine's list

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), was ranked No. 1 in the Arabic and English issue of Arabian Business Magazine's 500 Most Powerful Arabs. The English version published the following: "Saudi Arabia's Prince Alwaleed has topped the Arabian Business Power List for the eighth successive year. The Kingdom Holding chairman took top slot in the coveted list of the world's 500 most influential Arabs." Prince Alwaleed is known for his precision for exploring new and potential business opportunities and ventures in synchronization with the direction and fluctuations of the economic climate. Consequently, KHC was listed on Tadawul in 2007 and Prince Alwaleed who owns 95 percent of the company has been involved in the creation of a diversified long-term investment portfolio of strategic stakes in well-known companies locally and around the world, in multiple sectors covering real estate, media, banking and hotels, to name a few. Prince Alwaleed's recognitions span over a decade and the most recent include being featured in Forbes magazine's 2011 annual list of richest people for 12 consecutive years, ranked No. 1 in the Arabic issue of Arabian Business Magazine's 2010 Gulf's 25 Most Powerful CEOs, ranked No. 1 in Arabian Business Magazine's 2011 and 2010 Power 100 list of the World's Most Influential Arabs, ranked No. 1 in Middle East's Magazine's 2009 list of the World's 50 Most Influential Arabs, ranked one of the top 25 billionaires in the 2010 and 2009 Forbes billionaires lists, featured in Elan magazine's 2009 list of Top Entrepreneurs of the Year, topped Institutional Investor magazine's 2009 list of the 12 of the Middle East's Most Prominent and Influential Financiers. Prince Alwaleed also topped Arabian Business Magazine's 2009 Fifty Richest Arabs List, also was No. 1 in Arabian Business Magazine's 50 Richest Saudi List, 2009. The prince was included in the 2009 Forbes World's Powerful Billionaires list, in the 25 People Who will Affect Your Finances 2009 list in US News magazine, named the top single investor in Saudi Arabia according to Al Jazeerah newspaper that named investors who hold the most stakes in local companies as the Prince's 95 percent share in Kingdom Holding Company makes him the largest individual investor. From arabnews