Kingdom Holding

  • Alibaba, Prince Alwaleed Go In On Snapchat’s $500M Round

    Alibaba, Prince Alwaleed Go In On Snapchat’s $500M Round

    Snapchat is seeking to raise up to $500 million in a new round that includes Chinese e-commerce giant Alibaba and Saudi Arabian investor Prince Alwaleed Bin Talal, according to a source. The Los Angeles-based messaging app company has raised $648 million from investors to date. 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