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IIR honours KHC, Alwaleed

IIR has awarded KHC, one of the world's most successful and diversified international investment groups today, the 'Best IPO of the Year‚' and Prince Alwaleed was the 'Outstanding Contribution to the Saudi Arabian Economy.'

The awards were presented by John Sandwick, IIR chairman and managing director of Encore Management SA, Switzerland. The 'Best IPO of the Year' award accredited the work KHC has done to achieve a successful IPO' and the 'Outstanding Contribution to the Saudi Arabian Economy‚' award acknowledged Alwaleed's contribution and support for the development and growth of the Saudi economy.

Talal Al Maiman, executive director of development and local investments at KHC, received both awards on behalf of Alwaleed during the 2nd IPO Summit organised by the IIR Middle East recently. It was held under the patronage of Riyadh Governor Prince Salman bin Abdul Aziz, in the Saudi capital.

"I am proud to have been given the opportunity to receive the 'Outstanding Contribution to the Saudi Arabian Economy‚' award on behalf of Prince Alwaleed, and we at KHC are delighted to have won the 'Best IPO of the Year' award. This was possible due to the great efforts of the KHC professionals, our consultants, consultant bankers, investors, the public and the media," Al Maiman said.