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Saudi Arabia's Alwaleed Sells US$ 1,5 Billion Stake in Kingdom Holding to PIF

Minggu, 22 Mei 2022 | 18:50 WIB
Saudi Arabia's Alwaleed Sells US$ 1,5 Billion Stake in Kingdom Holding to PIF

ILUSTRASI. Saudi billionaire Prince Alwaleed bin Talal has signed an agreement with Saudi Arabia's powerful sovereign wealth fund to sell 16,87% of his investment firm Kingdom Holding Co to the fund. REUTERS/Fahad Shadeed/File Picture

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - DUBAI. Saudi billionaire Prince Alwaleed bin Talal has signed an agreement with Saudi Arabia's powerful sovereign wealth fund to sell 16,87% of his investment firm Kingdom Holding Co to the fund. The company said on Sunday.

The Public Investment Fund (PIF) will buy 625 million shares at 9,09 riyals (US$ 2,42) a share. Kingdom Holding said in a stock exchange filing, for a total of 5,68 billion riyals (US$ 1,51 billion).

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