HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and Kingdom Holding Company (KHC), chaired by HRH, have increased their ownership in Twitter, Inc., in the past six weeks to a total of 34,948,975 shares, representing more than 5% of Twitter’s common stock with a market value of $1 billion. This combined investment makes Prince Alwaleed and KHC the second largest shareholders in Twitter.
As disclosed in filings with the U.S. Securities and Exchange Commission, HRH Prince Alwaleed holds 30,100,078 shares and KHC holds 4,848,897 Twitter shares. The current ownership includes Twitter shares bought by HRH Prince Alwaleed and KHC in 2011 prior to the company’s IPO.
About Kingdom Holding Company:
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player regionally and internationally.