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Dec 19 2011

Saudi Arabia: Kingdom Holding Company Buys Strategic Stake in Twitter


Riyadh - The Kingdom Holding Company announced here today buying of a strategic stake in Twitter which reached to SR 1,125 billion.

In a statement issued today, Prince Al-Waleed bin Talal bin Abdulaziz, Chairman of the Board of Directors of Kingdom Holding Company said that this deal came after accurate follow-up for the Twitter company as well as detailed and comprehensive process.

He added that this deal represents an interest in promising, high-growth businesses with a global impact.

© Saudi Press Agency 2011

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