Skip to content
Subscriber Only

Alwaleed's Kingdom Revives Talks for $1 Billion Loan

  • Negotiations were put on hold in November as Alwaleed arrested
  • Kingdom Holding bought 16.2% stake in Saudi Fransi last year
Prince Alwaleed bin Talal in 2013.
Prince Alwaleed bin Talal in 2013.
Updated on

Kingdom Holding Co. is reviving talks to raise up to $1 billion in loans, weeks after its chairman Prince Alwaleed bin Talal was released from detention.

The investment firm restarted talks with local and international lenders about the financing, the company confirmed in a statement Thursday. The loan would be backed by its stake in Banque Saudi Fransi, people with knowledge of the matter said, asking not to be confirmed because the talks are private.