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Kingdom Holding Company Invests Millions in Twitter

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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.”

HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Contemplates Investing in SoftBank Vision Fund

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Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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