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A Peak into Saudi Prince Alwaleed bin Talal’s Empire

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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 www.swfi.com. – 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.

Allianz Joins UK Student Housing Platform

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Since 2010, a rush of foreign capital has been plowed into the U.K. student housing market. On June 22, 2018, Greystar Real Estate Partners, LLC and Public Sector Pension Investment Board (PSP Investments) sold an interest in their joint venture called Chapter to Allianz. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Turkish President Erdogan Wins Re-Election

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Turkish President Recep Tayyip Erdogan won re-election, collecting 53% of the votes, while his closest rival Muharrem Ince generated a vote count of 31% – this is with 99% of the votes counted, according to Turkish state media Anadolu.

Erdogan gave a victory speech in Ankara, commenting, “The winner of this election is each and every individual among my 81 million citizens.”

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Will Sovereign Funds Capture Opportunity in Trump’s Space Force?

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U.S. President Donald Trump is keen on making a mark in the defense industry by launching a Space Force (joining – Army, Navy, Air Force, Marines, Coast Guard) – attempting to ensure American dominance in space. Morgan Stanley eyes a potential windfall, seeing a US$ 1 trillion economy brewing. Morgan Stanley released a note to clients commenting that a Space Force, “could address critical vulnerabilities in national security, raising investor awareness in the formation of what we see as the next trillion-dollar economy.”

Sovereign wealth funds and other asset owners are major financial backers of semiconductors, defense, and companies focused on satellites and rockets. According to SWFI data, since 2014, there has been an increase in direct sovereign wealth fund investment in the aerospace and defense industry. In 2017, sovereign funds directly invested US$ 4.76 billion in aerospace and defense.

On June 18th, President Trump said, “Very importantly, I’m here by directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces. That’s a big statement.”

Sovereign Wealth Investment

From a sovereign wealth fund perspective, many wealth funds are active in investing strategically in the aerospace and defense arena. Mubadala Investment Company has been active in aerospace investments such as Piaggio Aerospace SpA, while SoftBank Group has tremendous exposure to artificial intelligence companies and semiconductors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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