Saudi prince invests $300M for 3% stake in Twitter

[AsifAmeer]

And the jewish conspiracy continues... Ooo the irony!


Dec. 19, 2011, 2:01 a.m. EST
Saudi prince invests $300M for 3% stake in Twitter


By Ellen Knickmeyer
--Prince Alwaleed, Kingdom Holding buy strategic stake in Twitter
--Part of strategy to invest in promising, high-growth businesses with global impact
--Says social media will fundamentally change the media industry landscape
(Recasts. Adds details, background throughout.)
Of ZAWYA DOW JONES
RIYADH (Zawya Dow Jones) -- Saudi Prince Alwaleed bin Talal and his Kingdom Holding Co. Monday announced their purchase of a $300 million stake in Twitter, calling it a strategic investment in a company they said is remaking the media landscape.
The Twitter purchase represents the prince's drive "to invest in promising, high-growth businesses with a global impact," an emailed statement from Kingdom Holding quoted the Saudi prince as saying.
Prince Alwaleed, rated by Arabian Business magazine as the Arab world's richest man, with more than $21 billion in wealth in 2011, had been cited in news reports since October as pursuing a purchase of Twitter shares from one of the co-founders of the social media company.
The $300 million investment represents a more than 3% stake in the microblogging website, which was at late summer valued at $8 billion.
"Social media will fundamentally change the media industry landscape in the coming years. Twitter will capture and monetize this positive trend," Ahmed Halawani, executive director of private equity and international investments at Kingdom Holding, said in the statement.
Prince Alwaleed, who owns 95% of Kingdom Holding, has focused his investments on banks, hotels and media companies, building sizable stakes in companies such as Citigroup Inc. (C), News Corp. (NWS), Apple Inc. (AAPL) and Time Warner Inc. (TWX). News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.
In August, Kingdom Holding said its associate firm Jeddah Economic Co. had inked a SAR4.6 billion deal with the local Bin Laden Group to build the world's tallest tower in Jeddah on the Red Sea.
Kingdom Holding's shares Sunday closed down 1.9% at 7.85 Saudi riyals ($2.09) on the Riyadh bourse.
Copyright (c) 2011 Dow Jones & Co

 

[Muawiyah]

there money is only to support hem not for us :angry_smile:

 

[AsifAmeer]

Sure! Thats very unfair. We have the right to all his money. right?

there money is only to support hem not for us :angry_smile:

 

[Malik495]

i met with this stupid prince few months ago.. came across to a cinema in london where my friend is working as DGM My friend called me and offered me to meet one of the richest prince of saudi arabia... this prince hired whole screen just to watch a movie ''Wall street '' with his 4 wives including newest wife who was round about 20 or 22 yrs of age..his PA asked the management of cinema that there will be no customer while the prince will be here and they were ready to pay for whole cinema..(clap) so the cinema authorities booked the screen at midnight..and earned alot of money from this stupid prince....the security guards were everywhere with him (they were all white and dressed like FBI agents:P)

 

[Sean jee]

just wondering which sewage pipe we will find him, once the monarchy will be toppled!!!!!!!!:lol::lol::lol::lol::lol:

 

[Bombaybuz]

there money is only to support hem not for us :angry_smile:

Why not .... They are supporting sectarianism in pakistan .... good atleast they invested else where

 

[AsifAmeer]

Never will you catch rich ppl who control rich ppl! He is 1 of them. They are like fine sand...

just wondering which sewage pipe we will find him, once the monarchy will be toppled!!!!!!!!:lol::lol::lol::lol::lol:

 

[Keepinformed]

I like this one. He is at least a modern face in Saudi Arabia. The only reason he is alive is because of his ancestry. He has a lot of enemies in Saudi.

$21 Billion is nothing in country like Saudi. In a poor country like Pakistan the richest man Zardari is worth more than $20 Billion. There are more than $500 Billion Dollars lying outside. Now imagine the corruption in Saudi Arabia which is sitting on the mountain of oil wealth.

He is probably the only one who has declared his assets. There are plenty of sheikhs worth above $50 Billion in Saudi.

 

[AsifAmeer]

eak sher yaad aa raha hai tumhari baat sun kar...
Baat to sach hai magar
baat hai ruswai ki!

I like this one. He is at least a modern face in Saudi Arabia. The only reason he is alive is because of his ancestry. He has a lot of enemies in Saudi.

$21 Billion is nothing in country like Saudi. In a poor country like Pakistan the richest man Zardari is worth more than $20 Billion. There are more than $500 Billion Dollars lying outside. Now imagine the corruption in Saudi Arabia which is sitting on the mountain of oil wealth.

He is probably the only one who has declared his assets. There are plenty of sheikhs worth above $50 Billion in Saudi.

 

[Raaz]

چپ ہو جا بھائی ، یہ سعودی ہے
یہ کوئی غلط کام نہی کر سکتے

 

[insaan]

LIfestyle Of Saudi Prince Al Walid bin Tallal