Kingdom Holding, Prince Alwaleed roll over SAR 7 bln stake to new Twitter

28/10/2022 Argaam

Kingdom Holding, Prince Alwaleed roll over SAR 7 bln stake to new Twitter

Logo of Kingdom Holding Co.

Kingdom Holding Co. (KHC) and the private office of Prince Alwaleed Bin Talal (PO) announced today, Oct. 28 the roll over of their existing ownership, or 34.95 million shares, valued at SAR 7 billion in Twitter, to the new Twitter company.

 

KHC and PO are jointly the second largest investor after Elon Musk, the company said in a statement received by Argaam.

 

This deal is in line with the KHC’s long-term investment strategy.

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