Home / News / Prince Alwaleed Endorses France’s Sovereign Wealth Fund & Leading Companies Investment in KHC French Sovereign Fund & Leading French Companies Acquire $150 Million of KHC Shares

Prince Alwaleed Endorses France’s Sovereign Wealth Fund & Leading Companies Investment in KHC French Sovereign Fund & Leading French Companies Acquire $150 Million of KHC Shares

December 3, 2015

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), endorses the historic investment in KHC by CDCIC (the French sovereign fund) and France’s leading companies that acquired 29.9 million shares priced at SR18.8 with a total amount of SR563 million ($150 million). The transaction was closed on Thursday 3rd December 2015.

 

Prince Alwaleed, who will be retaining his full ownership stake in KHC, welcomed this important and strategic milestone deal pursuant to the Saudi Arabian Capital Market Authority opening to foreign investors.