Founded in 1980, KHC is a public joint stock company that has been listed on the Saudi Exchange since 2007. It has a diverse investment portfolio across 18 sectors and has investments in social media platform X, hospitality group Four Seasons, aviation company flynas, banking groups Citigroup and Banque Saudi Fransi, and e-commerce giant JD.com, among others. In October 2023, KHC and Red Sea Global signed a $533.3 million joint venture to develop and own the Four Seasons Resort Red Sea, Saudi Arabia, which is expected to open in early 2025. The company’s chairman Alwaleed bin Talal owns 78.1% of the company.