Skip to content
Subscriber Only
Technology
Pursuits

Saudi Arabian Billionaire Prince Alwaleed Boosts Twitter Stake

  • Prince now second biggest investor in micro-blogging site
  • Increased stake disclosed in week Dorsey named Twitter CEO
Prince Alwaleed bin Talal.

Prince Alwaleed bin Talal.

Photographer: Fayez Nureldine/AFP via Getty Images

Saudi Arabian billionaire Prince Alwaleed Bin Talal and his investment company Kingdom Holding Co. have built their combined stake in Twitter Inc. to more than five percent, according to a disclosure made in the week the micro-blogging site named Jack Dorsey chief executive officer.

Alwaleed and Kingdom Holding, in which the prince owns a 95 percent stake, now have 35 million shares in Twitter after increasing their ownership over the past six weeks, according to an e-mailed statement from the billionaire’s office. The combined holding makes Alwaleed and Kingdom the second largest investors in Twitter with a stake that has a market value of about $1 billion, according to Wednesday’s statement.