Kingdom Holding announces board changes

In connection with the Board of Directors meeting held on Tuesday December 17, 2013, Kingdom Holding Company announces the appointment of Dr. Adel Alsayed as Executive board member and the Executive Director for International and Private Equity effective January 15th, 2014. Dr. Adel Al Sayed has more than 25 years experience in financial advisory and private equity investments. His last position was the CEO of an investment Bahrain-listed Company.Also KHC announces the retirement of Mr. Shadi Sanbar from his position as Chief Financial Officer effective December 31, 2013. In addition, Mr. Sanbar will serve as Senior Financial Advisor to HRH Prince Alwaleed Bin Talal Bin AbdulAziz AlSaud, Chairman of KHC and will remain as a Non-Executive member of the Board of Directors of KHC and board member to other KHC associates. In this regards, KHC is announcing the appointment of Mr. Mohammed Fahmy as the Chief Financial Officer effective January 1st , 2014 and a member of the investment committee. KHC represented by HRH the Chairman and members of the Board of Directors thanked Mr. Shadi Sanbar for his valuable and effective contribution during his tenure at KHC and looks forward to his continuing involvement as a board member of KHC and other KHC associates.