Published 2 years ago

Saudi Billionaire Prince To Sell 16.87% Of Firm To Sovereign Fund

Summary by Ground News

Sale by Prince Al-Waleed bin Talal of 625 million shares of Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. He was targeted and detained in a crackdown on alleged corruption in 2017. Critics have said the move was a power grab by Crown Prince Mohammed bin Salman.

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Times of India

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

The sale by Prince Al-Waleed bin Talal of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion, according to a regulatory filing published by the Saudi stock exchange, or Tadawul. The company owns the famed George V hotel in Paris and has a majority stake in The Savoy in London, according to a breakdown of its portfolio on its website.

2 years ago·India

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Business Recorder

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

RIYADH: A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company...

2 years ago

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Barron's

Saudi Billionaire Prince To Sell 16.87% Of Firm To Sovereign Fund

A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company to a sovereign wealth fund run by the kingdom's crown prince, a statement said Sunday.

2 years ago·New York, United States

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The New Arab

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

Prince Al-Waleed bin Talal, who was famously detained in a rumoured power grab by his cousin and current Crown Prince Muhammad bin Salman in 2017, is selling 625 million shares of his Kingdom Holding Company to Saudi Arabia's sovereign wealth fund.

2 years ago·London, United Kingdom

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