RIYADH — Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), received French Minister of Foreign Affairs Laurent Fabius, who was accompanied by Bertrand Besancenot, French Ambassador to the Kingdom. The meeting was also attended by Ms. Hassna Alturki, Executive Manager, and Kacy Grine, Advisor to Chairman. The two discussed political, economic and cultural matters. They also discussed bilateral relations between Saudi Arabia and France, and the strong relations between Prince Alwaleed and France, especially KHC's investments in France that are considered to be the largest Saudi Arabian presence in France. Prince Alwaleed's cultural contributions through Alwaleed Bin Talal Foundation that have donated $20 million in 2005 to establish the center of Islamic Art at the Musée du Louvre. Earlier this year, Prince Alwaleed received Jean- Louis Borloo, Special Envoy to the French President François Hollande. Also in 2015, Prince Alwaleed received at his office in Riyadh, Dominique De Villepin, former French prime minister. In December 2014, Prince Alwaleed met President Hollande during their visit to the Republic of Senegal. During the visit Hollande and Prince Alwaleed attended the 15th Francophonie Summit at the International Conference Centre of Dakar. The summit aims at further strengthening the current investment and economic relations within the Francophonie countries. Also in 2014, KHC and Caisse des Dépôts International Capital (CDC International Capital — CDCIC) have signed a Memorandum Of Understanding (MOU) to establish an investment vehicle jointly managed by CDCIC and KHC seeking to develop Saudi projects and ventures that shall benefit from the involvement of French companies, technologies and knowhow. — SG
