Lebanese Ambassador Meets & Commends Prince Alwaleed for His Support to Lebanon
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received at his office in Riyadh, HE Mr. Abdel Sattar Issa, Ambassador of Lebanon to Saudi Arabia. The meeting was attended by Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.
The meeting began as the Ambassador thanked Prince Alwaleed for giving him the opportunity to meet with him. The two discussed the bi-lateral economic relations and warm friendship between their two countries as well as regional and global economic issues. During the meeting, Mr. Issa commended Prince Alwaleed on his support to Lebanon especially through his investments, as well as his charitable and humanitarian contributions through “Alwaleed Bin Talal Humanitarian Foundation” that is chaired by Prince Alwaleed and Vice Chaired by H.E. Ms. Leila El Solh.
In September 2013, Prince Alwaleed met with HE Sheikh Saad Ed Deen Rafiq AlHariri, Former Prime Minister of Lebanon, at the George V hotel Four Seasons in Paris. After the Prince welcomed HE Sheikh Saad, the two held discussions regarding the bi-lateral relations and warm friendship between their two countries, as well as regional and global issues. Sheikh Saad commended Prince Alwaleed on his support of Lebanon especially through his investments, as well as his charitable and humanitarian contributions since more than 20 years ago.
The “Alwaleed Bin Talal Humanitarian Foundation”, in Lebanon covers all the Lebanese humanitarian issues and provides medical, health and social assistance to orphanages, infirmaries, the disabled, and educational and cultivation assistance for the development of projects in the economical and agricultural sectors across all communities in Lebanon. The Foundation was awarded the Pontifical Medal by Pope Benedict XVI during a ceremony to mark the occasion held at the Vatican in 2008. The medal was in recognition of the achievement and efforts made by the Alwaleed Bin Talal Humanitarian Foundation for encouraging tolerance between the different religious faiths and social groups in Lebanon, and promoting religious dialogue. Moreover, the medal acknowledged the Foundation’s philanthropic activities and support to those in need regardless of their background and creed. Ms. El Solh personally received the medal from the Pope at the Vatican.
In 2010, HE President Michel Suleiman, Prince Alwaleed, HE Nabih Barri, Speaker of Parliament and Sheikh Saad inaugurated the Four Seasons Hotel, Beirut. The Hotel is managed by Four Seasons Hotels and Resorts, in which KHC, holds a 47.5% stake based in Canada.
Kingdom Holding Company investments in Lebanon include a 92% ownership in the Movenpick Beirut in the hotels sector, and investments in the financial sector through Citigroup. HRH’s private assets and investments in the media sector in Lebanon include Rotana and LBC, and various Lebanese newspapers. Prince Alwaleed also owns stakes in Al Nahar and Al Diyar newspapers.