Saudi Prince Alwaleed to Offload 16.87% Stake in Kingdom Holding to PIF for $1.5B

Saudi Prince Alwaleed to Offload 16.87% Stake in Kingdom Holding to PIF for $1.5B

Alwaleed to sell 16.87% of Kingdom Holding Saudi Arabia’s Public Investment Fund has agreed to buy a 15% share in Kingdom Holding Co. from Saudi billionaire Prince Alwaleed bin Talal for SR5.7 billion ($1.5 billion). According to a market filing, a 16.87 percent ownership in Kingdom Holding, or 625 million …

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