“Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact,” Alwaleed said.
The Kingdom Holding has so far focused its investments in sectors such as banking, real estate, hotel, healthcare and media companies. It has stakes in global giants like Citigroup Inc, Apple Inc, News Corp and Time Warner Inc, among others.
Prince Alwaleed has a strong presence and influence in media through his investments in media and entertainment in the Arab world, and beyond like the Saudi Research and Marketing Group (SRMG), in which Kingdom Holding holds a 29.9 per cent stake.
Published 20 December 2011, 17:23 IST