Kingdom Holding's Investment in JD.com Increased by 130% on First Day of Trading PR Newswire RIYADH, Saudi Arabia, May 27, 2014 -- Kingdom Holding Success in JD.com Follows Twitter's RIYADH, Saudi Arabia, May 27, 2014 /PRNewswire/ --Shares of Jingdong Inc. (JD.com) began trading on the Nasdaq on Thursday, May 22nd, 2014 under the symbol 'JD' in which Kingdom Holding Company (KHC) and its Chairman HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud hold an equally combined stake of 2.5% of its capital. Chinese online retailer JD.com has raised $1.8bn in its US share sale at the price of $19 per share. KHC and HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud combined investment increased its value by 130% at closing on the first day of trading. In February 2014, JD.com exceeded annual sales of $16.7 billion. In 2013, KHC and Prince Alwaleed acquired an equal strategic stake in JD.com its combined value at $250 million. This investment is in line with KHC's diversified and unique investment strategy following Kingdom Holding and Prince Alwaleed's combined investment in Twitter. Prince Alwaleed commented saying: "Our deal solidifies the strategic relationship between Saudi Arabia and China. The acquisition is also an extension of the initiative of the Custodian of the Two Holy Mosques to support the business alliance between Saudi Arabia and The People's Republic of China. This was highlighted during the visit of the then Chinese President Hu Jintao to Saudi Arabia." The Founder and CEO of Jingdong Inc. (JD.com), Richard Liu said, "We appreciate Kingdom's support and we look forward to a long lasting and constructive relationship." KHC has indirect presence in China via Citibank. Moreover, HRH's investment in the entertainment sector in China includes Disneyland Hong Kong and in the hotel sector via Four Seasons Hotels and Fairmont Raffles Hotel. In 2006, Prince Alwaleed had met with the Chinese President Hu Jintao at the Royal Guest Palace in Riyadh during his official visit to Saudi Arabia. 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 Arabian 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 ranging from luxury hotels management hotel companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Mövenpick Hotels, Resorts AG and Swissotel) and real estate (Kingdom Tower and project in Jeddah and Kingdom Riyadh project) to hotel real estate investments such as (The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris and other hotels). KHC also has investments in Petrochemical (Tasnee) Media and Publishing (News Corporation and Saudi Research and Marketing Group), as well as in Entertainment (Euro Disney S.C.A). In addition, Finance and Investment services (Citigroup), Social Media and Technology (Twitter and Jingdong). Moreover, the Company has investments in Education (Kingdom Schools), Health Care (Medical Services Projects Company), Aviation (NAS Saudi Arabia) and Agriculture (Kingdom Agricultural Development Company - KADCO Egypt). For more information contact:Kingdom Holding Company+966-11-211-1111 www.KINGDOM.com.sa Media@kingdom.com.sa @Kingdom_KHC Website: http://www.KINGDOM.com.sa
Kingdom Holding's Investment in JD.com Increased by 130% on First Day of Trading
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