Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Saudi Prince Alwaleed Weighs New Investments, Handelsblatt Says

May 8 (Bloomberg) -- Saudi Arabia’s Prince Alwaleed bin Talal is negotiating three major projects as he seeks a return on investment of at least 20 percent to 25 percent, Handelsblatt reported, citing an interview.

The projects are in Saudi Arabia, the region and international, the German newspaper quoted Alwaleed as saying in comments published today. He declined to elaborate, according to the interview.

Alwaleed, the billionaire who controls the Saudi investment company Kingdom Holding Co., said he doesn’t plan to expand investment in banks beyond Citigroup Inc. and won’t raise his stake in the U.S. bank, according to Handelsblatt. He said he’s increasingly investing in Saudi Arabia, which is experiencing a real-estate boom, the newspaper reported.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.