Egypt issues commemorative stamps to celebrate historic Grand Egyptian Museum opening    Egypt, US, UN discuss worsening crisis in Sudan's Darfur region    Egypt advances phase II of $2m AfDB-funded Lake Victoria–Med corridor project    Gold price rise on Thursday    US cuts China tariffs to 47%    Oil prices drop slightly on Thursday    Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher's capture    Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna    Egypt to launch national health tourism platform in push to become Global Medical Hub by 2030    Finance Ministry introduces new VAT facilitations to support taxpayers    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    CBE governor attends graduation ceremony of Future Leaders programme at EBI    Kuwaiti PM arrives in Cairo for talks to bolster economic ties    Counting Down to Grandeur: Grand Egyptian Museum Opens Its Doors This 1st November    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    In pictures: New gold, silver coins celebrate the Grand Egyptian Museum    Pakistan-Afghanistan talks fail over militant safe havens    Egypt's Foreign Ministry voices appreciation for Sisi's gesture for diplomats who died on duty    Sisi expands national support fund to include diplomats who died on duty    Al-Sisi reaffirms Egypt's commitment to religious freedom in meeting with World Council of Churches    Health Ministry outlines medical readiness for Grand Egyptian Museum opening 1 Nov.    Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar    Madinaty Golf Club to host 104th Egyptian Open    LG Electronics Egypt expands local manufacturing, deepens integration of local components    Egypt medics pull off complex rescue of Spanish tourist in Sneferu's Bent Pyramid    Egypt Open Junior and Ladies Golf Championship concludes    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Prince Alwaleed's Kingdom Holding raises Twitter stake
Amwal Al Ghad Published in Amwal Al Ghad on 07 - 10 - 2015

Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm Kingdom Holding now together own more than 5 percent of Twitter, the prince's office announced Wednesday.
Kingdom Holding has paid $50 million to double its stake in the microblogging site to 0.72 percent, the Riyadh-based company said in a separate bourse statement.
Prince Alwaleed personally owns 30,100,078 Twitter shares, or 4.45 percent of the company, according to Reuters calculations, accounting for the bulk of the two parties' combined stake.
The statement from the prince's office did not say whether his personal investment in Twitter had changed.
The prince and Kingdom Holding first invested $300 million in Twitter in 2011. Prince Alwaleed owns 95 percent of Kingdom Holding.
Twitter listed on the New York Stock Exchange in November 2013. Its market capitalisation is $18.7 billion, according to Reuters data.
Source: Reuters

Clic here to read the story from its source.