Kingdom Holding Company

  • Lyft Takes In More Foreign Investment – Including From A Saudi Prince

    Lyft Takes In More Foreign Investment – Including From A Saudi Prince

    Lyft is now partly owned by Saudi prince Al-Waleed Bin Talal bin Abdulaziz al Saud. The prince led a recent $247.7 million round for a roughly 5 percent stake in the ridesharing service – putting up $105 million in his own funding as part of the deal for 2.3 percent of the pie. Al-Waleed is a global investor and business magnate some have dubbed the “Arabian Warren… Read More

  • Saudi Prince Pumps $300 Million Into Twitter

    Saudi Prince Pumps $300 Million Into Twitter

    In an unexpected move, a member of the Saudi royal family has invested $300 million in social networking company Twitter. This morning, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, founder and CEO of Kingdom Holding Company and one of the wealthiest people on the planet, announced the investment, which was reported first by Bloomberg. In a statement, Twitter’s newest equity holder… Read More