Saudi billionaire Alwaleed bin Talal’s Kingdom Holding Co., which bought a $125 million stake in Chinese online retailer 360buy Jingdong Inc. this month, prefers to identify its own targets instead of using advisers.
Saudi billionaire Prince Alwaleed bin Talal bought a stake in Chinese online retailer 360buy Jingdong Inc., joining a group of investors in tapping one of the world’s fastest growing e-commerce markets.
Saudi Arabian shares climbed for the sixth trading day, the longest winning streak in more than six months, after Kingdom Holding Co. bought a stake in a Chinese online retailer and U.S. stocks rose last week.
Kingdom Holding Co., controlled by billionaire Prince Alwaleed bin Talal, established a committee to help the company move toward Shariah-compliant loans as Islamic financing gains appeal among borrowers.
Kingdom Holding Co., an investment company controlled by Saudi Prince Alwaleed bin Talal, is seeking a loan for about $500 million to help refinance existing debt, according to a person with direct knowledge of the deal.
After losing billions on U.S. stocks beginning in 2000, Alwaleed Bin Talal says he may become richer than the Oracle of Omaha. His strategy: holding an IPO for his luxury hotels and building the world’s tallest tower in his homeland.
Prince Alwaleed Bin Talal sits under an almost full moon near a campfire at his rustic retreat in Riyadh, Saudi Arabia. He’s surrounded by a zoo with zebras and giraffes, an artificial lake and a lodge that has an indoor pool, saunas and steam rooms. Three hooded falcons are perched on stands in front of him.