Saudi Arabia’s Public Investment Fund Buys Stake in Kingdom Holding Company

Posted on 05/22/2022


Saudi Arabia’s Public Investment Fund (PIF) acquired a 16.9% stake in Kingdom Holding Company for 9.09 riyals a share, or US$ 1.5 billion. Saudi Prince Alwaleed Bin Talal (age 67) will retain the other 78.1%. Kingdom Holding Company has held stakes in News Corporation, Snapchat Inc., and Citigroup Inc.

Founded in 1980, Riyadh-based Kingdom Holding Company is a listed company.

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