Kingdom Holding May Spin Off Part of Real Estate Business, CEO Says

The transcript discusses the resilience of Kingdom Holding amidst political challenges, highlighting its stable performance and ongoing interest from foreign investors. It covers the company's real estate plans, including a major project in Jeddah, and its strategy to spin off parts of its real estate business. The conversation touches on economic growth, the impact of Saudi Arabia's budget, and the importance of technology investments. It also addresses cultural changes in Saudi Arabia, such as increased tourism and women's rights, and the potential for tech partnerships like Kareem and Uber.

What is the main reason foreign investors are interested in Saudi Arabia according to the transcript?

• The stable political environment

• The large budget and economic growth potential

• The absence of the Prince

• The high price of oil

What is the current focus of Kingdom Holding Company's real estate business?

• Spinning off all real estate categories

• Development mode with plans for future spin-offs

• Focusing solely on commercial real estate

• Selling all real estate assets

What is the main concern for Kingdom Holding Company regarding its investments?

• The pace of technological advancements

• The political situation in Saudi Arabia

• The volatile global markets

• The high price of oil

Which music streaming company has Kingdom Holding Company invested in?

• Spotify

• Apple Music

• Pandora

• Deezer

What significant change in Saudi Arabia is highlighted in the transcript?

• The reduction of foreign investments

• The increase in oil production

• The opening up of the country to tourism

• The introduction of new taxes