Rotana Holding, owned and chaired by Prince Alwaleed Bin Talal, was awarded “Innovation of The Year Award 2009” by CEO Middle East magazine, part of ITP, at a ceremony held here. It is the first time for “CEO Middle East” to hold such occasion in Saudi Arabia and Rotana Holding is the first to receive such award. The CEO Magazine awards are to celebrate the success and achievement of leading companies and their innovative projects in different business fields. Alwaleed's private investments in the media include Rotana, LBC and Alresala channel. Rotana Holding is 100 percent owned by him. Rotana was launched in 2003 and expanded at a very fast pace. The company has now become the largest producer of Arabic music in the world and one of the largest producers of film, broadcaster of premium TV programs and entertainment channels. Rotana includes a bouquet of 7 free-to-air TV channels: Music, Clip, Tarab, Khalijiyah, Zaman, Cinema in addition to LBC and broadcasts the most up to date Arabic music and music videos to the highest aesthetic quality to its audience around the world. Rotana is also known as the only TV company to produce and also air its programs on its own channel.
