The Four Seasons Hotels and Resorts has been recognized as "Best Hotel Group Worldwide" in the 2016 Gallivanter's Guide. Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal bin Abdulaziz Alsaud, holds a 47.5% stake in Four Seasons Hotels and Resorts which is co-owned by Bill Gates' Cascade with a 47.5% stake, and the remaining 5% is owned by Isadore Sharp. Prince Alwaleed commented in a press release, "This is another important achievement for Four Seasons." Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. Today, KHC is one of the world's most successful and diversified business organizations with investments across 12 sectors. For over two decades, the company has been a leading player in the global hospitality industry, building shareholder value by acquiring, developing, actively asset managing and monetizing high-quality hospitality assets.