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A Peak into Saudi Prince Alwaleed bin Talal’s Empire

NOVEMBER 6, 2017 – UPDATE: Kingdom Holding Company said in a statement Monday that it has the government’s “vote of confidence” as it pursues its investment strategy and global business operations. Kingdom Holding Company CEO Talal al-Maiman added, “We are pleased to play a role in the continuing growth of Saudi Arabia and to strengthen the economy for the benefit of all.”

The Government of Saudi Arabia detained 11 Saudi princes, 4 current ministers and tens of former ministers in a probe, according to Saudi-owned Al Arabiya television. The new anti-corruption body is headed by Saudi Crown Prince Mohammed bin Salman (MbS). Notably detained is Saudi Prince Alwaleed bin Talal, a billionaire businessman who runs Kingdom Holding Company (KHC).

“The homeland will not exist unless corruption is uprooted and the corrupt are held accountable,” the Saudi royal decree stated.

Saudi Prince Alwaleed bin Talal is one of the world’s richest men, owning shares in companies such as Apple, Twitter, Four Seasons, Lyft, Twentieth Century Fox, Euro Disney, Jeddah Economic, Citigroup and more. KHC is also an institutional investor in many fund vehicles in markets across the globe. Saudi Prince Alwaleed bin Talal is a descendant from Saudi King Abdulaziz al-Saud, the founder of Saudi Arabia.

To view, please go to – Go to Transactions, Filter, select Kingdom Holding Company as buyer entity.

SWFI has tracked and aggregated the billions upon billions of direct transactions made by KHC over the past decades.

UNICEF and NBIM to Host Meetings on Children’s Human Rights

The United Nations Children’s Fund (UNICEF), a United Nations programme headquartered in New York City, has partnered with Norges Bank Investment Management (NBIM) to facilitate a series of meetings between companies to discuss issues surrounding children’s human rights.

According to the news release, “the network will facilitate dialogue between leading brands and retailers in the garment and footwear industry to strengthen children’s rights.”

NBIM is invested in many listed companies and have invited them to join a network to tackle these issues. Over the next two years, the organizations plan to hold three workshops as well as quarterly meetings surrounding these issues.

“Over time, we hope and expect that the network will contribute to improved market practices among companies and greater respect for children’s rights,” says Carine Smith Ihenacho, Global Head of Ownership Strategies, in a NBIM press release.

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SouthGobi’s CEO Arrested, CIC Struggles with Investment

The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar Central Bank Deals with MSCI

MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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