Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, and Caisse des Depots International Capital (CDC International Capital — CDCIC) have signed a memorandum of understanding (MOU) to establish an investment vehicle jointly managed by CDCIC and KHC seeking to develop Saudi projects and ventures that will benefit from the involvement of French companies, technologies and know-how.
The KHC-CDCIC platform will help advance bilateral economic cooperation and trade, and facilitate access to long-term capital in both countries by companies engaged in economic cooperation between Saudi Arabia and France. To advance this partnership, a working group was formed, co-chaired by Prince Alwaleed and Laurent Vigier, CEO of CDCIC.
This partnership will seek attractive investments across a broad range of sectors and asset classes, with strong focus on opportunities promoting economic cooperation between the two countries and contributing to the growth and prosperity of both economies.
Founded in 1980, KHC is a publicly traded company, which was listed on Tadawul (the Saudi stock exchange) in 2007.
KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Gulf region and internationally.
The company is recognized as one of the largest foreign investors in the United States. KHC’s portfolio has its major interests in investment categories, including those in the hotels and hotel management sector.
Caisse des Depots International Capital (CDC International Capital) is the Caisse des Depots investment corporation dedicated to partnerships with sovereign wealth funds and other long-term institutional investors. It was set up in 2008 to spearhead the group’s international development. CDC International Capital has since developed an extensive network of long-term international business ventures.