-----------------------------
OMB APPROVAL
-----------------------------
OMB Number: 3235-0145
-----------------------------
Expires: August 31, 1999
Estimated average burden
hours per form . . . . 14.90
-----------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
Saks Holdings, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
------------------------------------------------------------
(CUSIP Number)
December 31, 1996
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
- --------------------------- ------------------------------------
CUSIP No. Page 2 of 6 Pages
---------------- --------- -------
- --------------------------- ------------------------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Kingdom of Saudi Arabia
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 4,005,943
OWNED BY
EACH ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,005,943
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,005,943
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.28%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------------- ------------------------------------
CUSIP No. Page 3 of 6 Pages
---------------- --------- -------
- --------------------------- ------------------------------------
Item 1(a) Name of Issuer:
- --------- ---------------
Saks Holdings, Inc. (The "Issuer")
(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
12 East 49th Street
New York, New York 10017
Item 2: Name, Address and Citizenship of the Person Filing:
- ------- ---------------------------------------------------
This statement is being filed by His Royal Highness Prince
Alwaleed Bin Talal Bin Abdulaziz Al Saud ("HRH"), an
individual, whose business address is Kingdom Holding Company,
P.O. Box 8653, Riyadh, 11492, Kingdom of Saudi Arabia. HRH is
a citizen of the Kingdom of Saudi Arabia.
This filing relates to the shares of Common Stock, par value
$0.01 per share, of the Issuer.
Item 3: If this Statement is Filed Pursuant to sections 240.13d-1(b)
- ------- --------------------------------------------------------------
or 240.13d-2(b) or (c), Check Whether the Person Filing is:
-----------------------------------------------------------
Not applicable.
<PAGE>
- --------------------------- ------------------------------------
CUSIP No. Page 4 of 6 Pages
---------------- --------- -------
- --------------------------- ------------------------------------
Item 4: Ownership:
- ------- ----------
As of December 31, 1997, HRH beneficially owns in the
aggregate the following:
(a) Amount Beneficially Owned:
4,005,943 */
(b) Percent of class:
6.28%
(c) Number of shares to which such person has:
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the vote:
4,005,943
(iii) Sole power to dispose or to direct the
disposition of:
None
(iv) Shared power to dispose or to direct the
disposition of:
4,005,943
Item 5: Ownership of Five Percent or Less of Class:
- ------- -------------------------------------------
Not applicable.
- ---------------
*/ Of such amount, 3,565,289 shares (approximately 5.59%) are owned of record
by SFA Saudi Holdings Ltd. -
<PAGE>
- --------------------------- ------------------------------------
CUSIP No. Page 5 of 6 Pages
---------------- --------- -------
- --------------------------- ------------------------------------
Item 6: Ownership of More than Five Percent on Behalf of Another
- ------- --------------------------------------------------------------
Person:
------
SFA Saudi Holdings Ltd. ("Saudi Holdings") is a
direct wholly-owned subsidiary of Kingdom 5-KR-9 Ltd.
("Kingdom 9"), a Cayman Islands, British West Indies
corporation, which itself is wholly-owned by Barclays Private
Bank and Trust (Cayman), Limited, as trustees of the Kingdom
Two Trust, a trust created by HRH under the laws of the Cayman
Islands (the "Trust"). The Trust was established by HRH for
estate planning purposes for the benefit of HRH and members of
his family. Saudi Holdings is the record owner of 3,565,289
shares (approximately 5.59%). The remaining shares
beneficially owned by HRH are owned of record by SFA Saudi
Investments, Ltd., ("Saudi Investments") a corporation
organized under the laws of the Cayman Islands and also a
direct wholly-owned subsidiary of Kingdom 9. Under the terms
of the Trust, HRH has the power to appoint a majority of the
directors of Kingdom 9. Through HRH's ability to appoint a
majority of the board of directors of Kingdom 9, for the
purposes of Rule 13d-3 of Regulation 13D-G under the
Securities Exchange Act of 1934, HRH can indirectly control
the disposition and voting of the securities beneficially
owned by Saudi Holdings and Saudi Investments.
Under the terms of the Trust, among other things, the
trustees are prohibited from selling or transferring or
otherwise encumbering the securities of Kingdom 9.
Furthermore, HRH has retained the power to revoke the Trust
and to appoint and remove the trustees at any time and for any
reason.
Since the shares of Common Stock reported herein are
held in the names of Saudi Holdings and Saudi Investments,
such companies have the right to receive dividends from, or
proceeds from the sale of, such shares of the Issuer; however,
HRH, through HRH's ability to appoint a majority of the board
of directors of Kingdom 9, will retain the power to direct any
disposition of such dividends or proceeds. Any funds
distributed by Saudi Holdings or Saudi Investments to Kingdom
9 and from Kingdom 9 to the Trust will be held and
administered by the trustees, pursuant to the Trust for the
benefit of HRH and his family.
Item 7: Identification and Classification of the Subsidiary Which
- ------ --------------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
--------------------------------------------------------------
Company:
--------
Not applicable.
Item 8: Identification and Classification of Members of the Group:
- ------- ----------------------------------------------------------
Not applicable.
<PAGE>
- --------------------------- ------------------------------------
CUSIP No. Page 6 of 6 Pages
---------------- --------- -------
- --------------------------- ------------------------------------
Item 9: Notice of Dissolution of Group:
- ------- -------------------------------
Not applicable.
Item 10: Certification:
- -------- --------------
Not applicable.
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Schedule 13G is true,
complete and correct.
/s/ HRH Prince Alwaleed Bin Talal
------------------------------------
Date: June 30, 1998 Bin Abdulaziz Al Saud
------------------------------------
H.R.H. Prince Alwaleed Bin Talal
Bin Abdulaziz Al Saud
