Sovereign Wealth Fund Institute

On December 19th, 2011, HRH Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and Kingdom Holding Company (KHC) invested a combined US$ 300 million in Twitter. This represents a strategic stake in Twitter. There are more than 100 million active users on Twitter.

Kingdom Holding Company is a public holding company from Saudi Arabia. Headquartered in Riyadh, it is majority controlled by HRH Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.

According to the press release from KHC, Prince Alwaleed commented: “Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.”

According to the press release, “HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Chairman of Kingdom Holding Company (KHC) received, and held a meeting with HE Khaldoon Al Mubarak, CEO of Mubadala Development Company (MDC) at HRH’s office in Riyadh. The meeting was attended by a delegation from KHC, Rotana and Mubadala Development Company.

On the agenda of discussions during the meeting between HRH and Mr. Al Mubarak, were His Highness’s solid regional presence in the various sectors, including real estate, hotels and media. Moreover, the meeting touched upon local, regional and international economic and investment issues, and future potential business collaboration. After the meeting the Prince hosted a dinner in honor of his guest and the accompanying delegation at Kingdom Resort.

Prince Alwaleed’s investments in the UAE through Kingdom Holding Company consist of Citigroup in the financial and in the hotel sector through the management of two Fairmont hotels, and four Movenpick hotels.”

Read more: Press Release