Kingdom Holding chairman could divest holdings in some of West’s biggest corporates
Kingdom Holding chairman Prince Alwaleed bin Talal has said that all of his stakes in public companies could be potentially for sale, reversing a strategy that has seen the billionaire Saudi investor retain stakes for the long term.
Prince Alwaleed is the largest single investor in American stocks, with substantial holdings in Citigroup, Twitter, Apple, Time Warner and News Corp, among others.
“Everything’s on the table,” Alwaleed said in an interview with Bloomberg TV in Riyadh. “If our interest requires Kingdom Holding to divest from any company, sure we’ll do it. There’s nothing called forever.”
The prince also said it was “too early” to comment on how the election of Donald Trump would affect his investments in the US...Read more...