Kingdom Holding Company Invests Millions in Twitter
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.”
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