Deals
Prince Alwaleed’s Kingdom Holding Planning to IPO Investments
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Kingdom Holding Co., the investment company owned by Saudi billionaire Prince Alwaleed Bin Talal, is planning to sell shares in a “significant” number of assets.
The firm, through which Prince Alwaleed holds stakes in companies including Citigroup Inc. and Twitter Inc., is considering offerings on the Saudi stock exchange and internationally, Chief Financial Officer Mohammed Fahmy said in an interview in Riyadh. Flynas LLC, the Saudi budget airline in which it holds a 34 percent stake, is among companies planning share sales, he said, declining to identify others.