PRINCE ALWALEED BIN TALAL

Prince Alwaleed is a member of the Saudi royal family. He is also Chairman of Kingdom
Holdings. This company has investments all over the world, totaling over $15 billion. It is a
major shareholder in Disneyland Paris, where it holds a 25% stake. It also own the Four Seasons
hotel group, has a 5% shareholding in Citicorp, owns 5% of Apple computers, and in addition
has stakes in many other company such as TWA, Netscape, Daewoo, and Motorola.

Prince Alwaleed is one of the most successful investor in the world. Chairman of his first
company at the age of fourteen, Prince Alwaleed was brought up into Beirut before returning to
Saudi Arabia to attend military school.

He studied at university in San Fransisco and got his Masters from Syracuse University. He
made his first fortune in the eighties investing in real estate in Saudi Arabia. He also worked as a
local partner for Korean companies in the country. By 1988 he was worth over $1 billion.
Luckily for him there is no income tax in Saudi Arabia.

In 1991 he made the best investment of his life. He bought shares for $890 million in Citicorp,
America’s largest bank at that time. That stake is now worth $5.5 billion. His latest project is to
build the highest skyscraper in Riyadh. Riyadh is continuing to grow as the commercial capital
of Saudi Arabia, and it looks as if the $350m Kingdom Centre will be yet another profitable
investment.

A. Choose the correct answer to these questions!

1. Kingdom Holdings…
a. is a subsidiary of Citicorp
b. has a stake in Citicorp
c. borrows money at 5% from Citicorp
2. When he was fourteen he…
a. studied in San Fransisco
b. run his first company
c. bought shares in Disneyland Paris
3. In the eighties he…
a. invested in property in Saudi Arabia
b. worked in Korea
c. lost over $1 billion
4. His stake in Citicorp…
a. is worth $890 million
b. has increased $890 million
c. cost $890 million
5. Kingdom holdings…
a. owns a quarter of the shares in Disneyland Paris
 b. has a small stake in Disneyland Paris
c. is the majority shareholder in Disneyland Paris

B. Complete the questions below!

1. When …. …. …. …. …. …. …. …. ….?
In 1991.

2. What …. …. …. ….?
To build the highest skyscraper in Riyadh.

3. Why …. …. …. …. …. Beirut?
To attend military school.

4. …. many …. …. …. …. …. Citicorp?
$890 million

5. Where …. …. …. …. masters?
Syracuse University

C. Find the NOUN or VERB form of these words and create the sentences!
1. Product: …
Sentence:___________________________
2. Improve: …
Sentence:___________________________
3. Employee:
Sentence:___________________________
4. Success:
Sentence:____________________________
5. Sell:
Sentence:____________________________
6. Meeting:
Sentence:____________________________
7. Advertisement:
Sentence:____________________________
8. Distribution:
Sentence:____________________________
9. Plan:
Sentence:____________________________
10. Presentation:
Sentence:_____________________________