Prince Alwaleed owns 95 percent of Kingdom Holding, a publicly traded conglomerate with investments in hotels, Saudi real estate and other public stocks. He also holds an 80 percent stake in Rotana, one of the Middle East's biggest media companies. His personal possessions include palaces, private jets, jewelry and a superyacht.
Shadi Sadeek Sanbar, chief financial officer at Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co., is planning to leave the company this month, according to four people with knowledge of the matter.
Prince Alwaleed bin Talal, the Saudi royal who seems to own most everything there is to own -- a chunk of Rupert Murdoch’s News Corp, a piece of Twitter, all of Paris’s George V Hotel, the Savoy in London, and a Boeing 747 for his personal use -- was sitting in the lobby of the Four Seasons Hotel in Chicago the other evening (he and Bill Gates own most of Four Seasons Holdings), offering up the view -- the view of an experienced negotiator from the Middle East -- that U.S. President Barack Obama is outmatched by the Islamic Republic of Iran.
Prince Alwaleed bin Talal, the Saudi billionaire with stakes in companies including Citigroup Inc., is weighing options including an initial public offering for Four Seasons Holdings Inc. and Fairmont Hotels & Resorts Inc.
Prince Alwaleed bin Talal, the Saudi billionaire who invested $300 million in Twitter Inc. two years ago, said the company needs to focus on making money after raising $1.82 billion in an initial public offering.
Dubai’s benchmark stock index rose the most in a week, led by engineering firm Drake & Scull, on bets the emirate will win a bid later this month to host the World Expo in 2020. Kuwait’s equity gauge also advanced.
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.
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.