Lourie Kruger joined Kingdom Hotel Investments (KHI) in March 2009 as a Vice President – Treasury and was responsible for managing all aspects of KHI’s treasury including capital structure and liquidity and management, debt raising and project financing. During this period Mr. Kruger successfully deployed project financing on development projects in excess of US$1bn, and well leading the company’s financing and restructuring efforts of approximately US$1.5bn.
Following the company’s take-private in 2010 by Kingdom Holding Company and in addition to his corporate treasury role, Mr Kruger took on broader responsibilities in the M&A and Corporate Finance functions of KHI, playing a key part in executing the company’s monetisation strategy, successfully executing contracts to the value of US$ 0.5bn EV.
In July 2015, Mr Kruger ‘s title was elevated to Senior Vice President, Treasury and M&A and following recent changes within the organisational structure, effective 1st January 2017, he was promoted to Co-Chief Financial Officer. Today, Mr Kruger is responsible for overseeing all the corporate finance activities of the company, including the M&A initiatives, treasury and capital structure programmes.
Mr Kruger has over 15 years banking, real estate and hospitality experience across 35 countries ranging from Asia and the Middle East to Africa and Europe. Prior to joining KHI, he built a career with Standard Bank in South Africa where he was co-founder of the African Real Estate team, a unit responsible for all the banks’ activities across Africa (excl. South Africa) in the commercial property arena.
Mr Kruger holds various professional qualifications as well as degrees in Computer Science, Monetary Economics and a Master’s Degree in Business Administration from the London Business School. He is also a member of the Association of Corporate Treasurers. Mr Kruger is a South African national.
Xander Nijnens, Executive VP, JLL Hotels & Hospitality Group
Lourie Kruger, Co CFO, Kingdom