In 1988, the purchase of a majority stake in United Commercial Bank of Saudi Arabia (UCBS), which at the time was a difficult financial enterprise in Saudi Arabia, became one of the most profitable banks in the Gulf. Shareholders' equity has risen 800 percent and the market value of its shares has increased 20-fold. The Prince, who also owned shares in Saudi Cairo Bank, merged the two banks into the United Commercial Bank of Saudi Arabia on September 14, 1997 (May 13, 1418 A.H.); and on Wednesday, January 6, 1999, the United Commercial Bank of Saudi Arabia and the Saudi American Bank announced plans to merge to become the largest bank in the Middle East, and on July 4, 1999, the merger was completed.
In 1993, Prince Walid took control of a majority stake in the Panda supermarket chain, which was losing money every year at the time, and merged it into the Achzia Company, bringing the assets of the Panda-Achzia Joint Company to 1 billion riyals (US$350 million), and the company has been profitable since the merger; by October 5, 1998 the Panda By October 5, 1998, the board of directors of Banda-Achizia United agreed to merge with Safra to form a large investment group under the name of Safra, including the largest retail trading and food processing companies, as a way of responding to the fierce competition in the market, especially in the international arena.
In 1995, the Prince purchased a 25 percent stake in Rotana Audiovisual Company, the largest producer of audio equipment in Saudi Arabia.
In June 1995, the Prince and a group of major Saudi investors took majority ownership of National Processing Company, a large Saudi joint-stock company with 45 subsidiaries, and reorganized the company's framework with a new board of directors.
In December 1995, the Prince purchased 50% of the shares of Saudi Cable & Wireless, a company specializing in communications; in June 1999, Cable & Wireless was merged with the National Group of Companies and the Prince's shares in Albia Online to form the National Cable & Wireless Communications and Liaison Company.
In March 1996, the Prince, together with Saudi investors, founded the Al Qiziyah Commercial Investment Company, with assets of 500 million riyals, which focuses on investment in Saudi real estate and the stock market.
In 1995-2000, the Prince approved four projects with a total investment of 3 billion riyals:
(1) Kingdom Center Building: 1.7 billion riyals, 300 meters high, with a luxury upscale shopping mall and multi-purpose halls; (2) Kingdom Hospital: 400 million riyals, 120 beds, and advanced healthcare projects; (3) Kingdom City: 400 million (3) Kingdom City: 400 million riyals, 333 complete ready-made residences; (4) Kingdom School: 330 million riyals, educational institutes for both boys and girls, accommodating 4,000 students from kindergarten to high school levels. History of the Company
In 1991, Prince Walid invested $590 million in Citicorp, a subsidiary of Citibank, thus making him the largest private shareholder of the largest bank in the U.S.A. In April 1998, he merged with Travelers Group to form Citigroup - the world's largest bank. Group) - the world's largest financial institution.
In 1993, the Prince made a strategic investment of $100 million, purchasing a 10% stake in SAKS FIFTH AVENUE, a New York-based luxury apparel company; in 1993, the Prince purchased a 30% stake in Arabian Communications (which owns ART Satellite Television) for $240 million; and a 30% stake in Lebanese Satellite Television for $240 million. 30% of the shares and 50% of the shares of the Lebanese Satellite Television (LBC);
In 1993, H.R.H. the Prince purchased 3% of the shares of the Dutch (Ballast Nedam) Company, a company specializing in big projects such as dams, bridges, stadiums, etc., for $40 million;
In July 1994, H.R.H. the Prince invested in the purchase of a 10% stake in Fairmont, the company headquartered in In July 1994, the Prince invested in the purchase of a 50% stake in the Fairmont Hotel Collection, headquartered in L.A., and agreed with its original owners on a program of expansion;
October 1994, the Prince purchased a 25% stake in Disneyland, Paris, for $345 million;
1994, H.R.H. The Prince agreed with the founder and largest shareholder of the "Four Seasons" to purchase a 3% stake in the hotel. "In 1994, His Royal Highness agreed with the founder and largest shareholder of the Four Seasons Hotel to own 25% of its shares for US$120 million;
In June 1995, the Prince purchased a 42% stake in the New York Plaza Hotel for US$300 million;
In July 1995, the Prince purchased the S.P.A., a subsidiary of the Finivest Group of Companies in Italy, for US$100 million. In July 1995, the Prince acquired 3% of the capital of S.P.A. Mediaset, a subsidiary of the Italian Finivest Group of Companies;
In October 1995, the Prince, in cooperation with international investors, gained control of Canary Wharf, the largest real estate project in Europe;
In July 1996, the Prince participated in a joint project with the Jordanian Arab Investment Bank and invested US$70 million in the Four Seasons Hotel in Amman, which is located in the heart of the city on the heights and in the center of the city, in the center of the city, in the center of the world.
In September 1996, the company purchased a 40% stake in the 379-room Copley Plaza Hotel in Boston, and took full ownership of the property in 1999;
In October 1996, the company acquired a 50% stake in the Nile Plaza Center for more than $300 million, which includes the Four Seasons Hotel, the Nile Plaza Hotel, and the Nile Plaza Hotel. 50% stake in the Nile Plaza Center, including the Four Seasons Hotel and luxury apartments; and at the same time right in Sharm? Shaikh investment of 120 million U.S. dollars in the construction of the Four Seasons Villas and summer resort matters signed a contract;
December 1996, the Prince with 185 million U.S. dollars to buy the George V (George V) Hotel in Paris, which is regarded as one of the world's oldest hotels, after a comprehensive renovation to restore the original appearance of the hotel in December 1999 officially opened to the public;
March 1997, the Prince with more than 300 million U.S. dollars in the Nile Plaza Center, including 50% of the shares, including the Four Seasons Hotel, luxury apartments; at the same time on the Sharm? p>
March 1997, the Prince entered the technology investment, with $ 115 million to buy Apple Computers (Apple Computers) 5% of the shares;
April 1997, the Prince and Planet Hollywood company to establish a strategic alliance, the Middle East and Europe in 24 countries to develop 44 restaurants; The Prince owns 20% of the company and has invested and intends to invest $50 million to date;
In July 1997, the Prince purchased shares in the Palestinian Development and Investment Company (PADICO), which undertakes the construction and reconstruction of the West Bank and Gaza Strip, for $10 million;
July 1997, the Prince announced his 5 million-dollar participation in the establishment of the Jerusalem Construction and Development Company (JEDICO) to strengthen the level of support for the Palestinian presence by investing in the field of housing and hotels;
On October 6, 1997, the purchase of a 30% stake in the Swiss hotel chain group Movenpick, and a week later the Prince renamed the Meridian in Beirut as the first Movenpick Middle East Hotel;
In November 1997, invested $400 million in The News Corporation Limited, the largest press and publicity emporium with 800 companies in the publicity, photography, television broadcasting, film and television film production, printing and distribution industries, including two newspapers, NY Post and The Time UK, and a Fox Television. In April 1999 the Prince increased his investment to $600 million;
In November 1997 the Prince purchased a 5 percent stake in Net scape for $146 million, and in November 1998 America Online purchased Net scape for 16 billion rials ($4.3 billion). Net scape; in January 2001, the company merged with Time/Warner to form the newly-named AOL Time/Warner;
In November 1997, the Prince bought a 1 percent stake in Motorola for $300 million;
In April 1998, the Prince signed a $200 million contract to buy Teledesic, a company that was a major player in the world's largest telecom market. In April 1998, the Prince signed a contract for the purchase of a 16% stake in Teledesic for US$200 million;
In June 1998, he purchased a 10% stake in EcoBank, which manages many banks and branches in West Africa, such as Benin, Burkina Faso, C?te d'Ivoire, Ghana, Nilja, Togo, etc.
In November 1998, he purchased a 13.7% stake in the United Bank of Nilja, making it the largest bank in West Africa, with a share of 13.7%. In November 1998, the Prince purchased 13.7% of the shares of the United Bank of Neilia, making it the largest investor in the bank;
In March 1999, the Prince purchased 14% of the shares of the Cal Merchant Bank in Ghana, Africa;
In March 1999, the Prince entered into an agreement with the Italian company Fininvest for the purchase of shares in the KirchMedia advertising company, in which he invested 375 million Deutsche Mark (DM), or approximately DM 1.5 billion. million 775 million German marks or about 800 million rials ($213 million), purchasing a 3.2 percent stake in the company;
On April 6, 2000, investing $400 million to buy shares in Compaq, which is the world's second-largest computer company and the No. 1 computer systems company;
On April 6, 2000, investing $100 million to buy shares in Kodak, the world's largest imaging company;
May 16, 2000, invested $50 million in eBay online trading company;
May 16, 2000, invested $50 million in Priceline, Inc. which was later raised to $100 million;
May 16, 2000 A $50 million investment in Amazon.com, a retail-focused company with 3 million Web sites for books, music, video tapes, audio cassettes, and other products;
May 16, 2000, a $50 million investment in Procter@Gamble, Inc. for the manufacture of selected consumer products such as cleaning supplies, paper, cosmetics, food, beverages, and health care;
May 16, 2000, $50 million in PepsiCo;
May 16, 2000, $50 million in Walt Disney Company, which deals in advertising for entertainment, movies, amusement parks, summer resorts, publishes movies, books, and magazines, as well as runs ABC radio and television stations.
In December 2011 injected $300 million in strategic investment into Twitter.
In February 2013, Kingdom Holding Co., a holding company of Saudi billionaire Prince Alwaleed, announced on the 16th that Kingdom Holding had invested 1.5 billion riyals (about 2.5 billion yuan) to buy a 5 percent stake in Chinese online retailer Jingdong Mall.