Al-Marsad newspaper: Prince Alwaleed bin Talal, founder of Kingdom Holding Company, sold 625 million shares, or 16.87% of his shares, to the Public Investment Fund.
This came in a statement published by the company on its official website, which said: “The CEO of Kingdom Holding Company, Eng. Talal Al-Maiman, commented on the deal that took place between the main shareholder and founder of the company, His Royal Highness Prince Alwaleed bin Talal, and the Saudi Public Investment Fund, according to which the Saudi Public Investment Fund He purchased 625 million shares from His Highness in the Kingdom Holding Company, representing 16.87%, with a total value of 5,681,250,000 riyals.
Thus, the ownership of Prince Alwaleed bin Talal in the Kingdom Holding Company became 78.13 percent.
A private sale and purchase agreement has been signed between His Royal Highness the Prince @TheWaleed_Talal And @PIFSaudi To sell 625 million shares in @Kingdom_KHC It represents 16.87% of the company’s shares with a total value of 5,681,250,000 Saudi riyals.
Thus, the ownership of His Highness the Emir in the Kingdom Holding Company becomes 78.13 percent.
– Kingdom Holding Company (@Kingdom_KHC) May 22, 2022