” A suspect’s point or status does not influence the firm and fair be applied in right ,” Sheikh Saud Al Mojeb, us attorney general of Saudi Arabia, said in a statement announcing the investigations, without referring names.
Alwaleed’s 95 percent-owned investment vehicle, Kingdom Holding Co ., is listed on the Saudi stock exchange and has a market value of about$ 9 billion. Still, details on the investments he has done or the recalls they generate are scarce. Kingdom Holding’s latest annual report barely refers to its stake in Citigroup, for example, although there are the sovereign has said he is one of the biggest single investors in the bank.
Kingdom Holding is continuing its usual commercial operations and has assurances of support from the government, the company said in a statement. The shares collapsed 12 percent since the arrests were announced.
Some of his highest-profile posts may take a thumping in trading Monday unless more is see from them or Alwaleed, said Joice Mathew, heads of state of equity experiment at United Securities in Muscat.
Here’s what’s known about Alwaleed’s investments.
Kingdom Holding has harboured Citigroup shares since 1991, according to its internet site, increasing its bet during the bank’s 98 percentage drop-off amid the 2008 -2 009 financial crisis. Citigroup’s latest agent filing doesn’t include Alwaleed or Kingdom Holding among the two investors that own more than 5 percent of the company. The monarch was a vocal sponsor of Vikram Pandit, the chief executive officer brought in to promotion turning Citigroup around, although he too told Fox News in a 2010 interview that the “honeymoon is over” for Pandit and that investors wanted to see results.
Alwaleed long has been a vocal stockholder, inspiring the lender to rebuild its Saudi Arabian business more than a decade after it lost a key banking license there. Citigroup will reopen in the kingdom subsequently this year after a 13 -year absence. Citigroup CEO Michael Corbat gratified the ruler in Riyadh in March to discuss the bank’s future hopes. The busines declined to comment.
Technology and Entertainment
Twitter Inc .
Alwaleed invested $300 million in Twitter in 2011 for what Kingdom Holding’s website says was a” substantial standing” in one of social media’s more powerful programmes. He currently owns 4.9 percent of Twitter, according to a regulatory filing by the San Francisco-based firm in February. In an interrogation on CNBC Arabia in October, he said Twitter may face some difficulties, though his investment was close to breaking even and he was optimistic about the mentality. Alwaleed has decreased his investment from 5.1 percentage in December 2015. The firm declined to comment.
Alwaleed bought 6.23 million shares, or 5 percentage, of the computer and mobile-device producer for $115.4 million in 1997. He stimulated these acquisitions between mid-March and April of that year while the company was still struggling to turn itself around. He has since continued to hold the stake while Apple’s valuation has soared to as high as $900 billion. The corporation didn’t immediately respond to comment.
In 2015, Kingdom Holding was among a group of investors that bought a 5.3 percentage stake in the California-based ride-hailing busines, valued at $247.7 million. Lyft’s major investors, Andreessen Horowitz and Founders Fund, likewise exchanged one part of their shares in the corporation is Alwaleed last year. The corporation didn’t immediately respond to request for comment.
21st Century Fox
As of Dec. 31, 2015, the monarch comprised 39.7 million shares, or a 4.98 percent bet, in Rupert Murdoch’s media and presentation corporation. That’s lower than the 6.6 percent harbouring he had in the company as of the end of 2013, is in accordance with regulatory filings. Kingdom press releases as recent as last-place month mentioned that it still owns a stake in Fox, although it was no longer appears in Bloomberg data as a reporting owner. Fox declined to comment.
In 2011, while a contributing stockholder at Rupert Murdoch’s News Corp ., he called for the deviation of top executive Rebekah Brooks amid a telephone hacking scandal in the U.K. 3 years later, he voted with the Murdochs as stockholders tried to diluted lineage command over the business. He sold most of his stake in 2015.
Alwaleed has been investing in e-commerce and technological sciences fellowships for a number of years as demand for technology and Internet works increases. In 2013, Kingdom Holding conducted groupings of investors in buying a stake in a Chinese online retailer , now called JD.com, that was valued at $400 million. JD.com said it had raised a total of $700 million from investors, also including a Canadian pension fund and some major shareholders, in addition to Kingdom Holding. The corporation didn’t immediately respond to a request for comment.
Through Kingdom Holding and its Kingdom Hotel Investments unit, Alwaleed has induced substantial investing in some of the world’s grandest hotels and biggest hustlers. Kingdom’s portfolio of indulgence inns includes a controlling interest in the The Plaza in New York, the Savoy Hotel in London and the George V in Paris, according to its internet site. Kingdom Hotels has a 5.7 percent stake in Accor SA, Europe’s biggest hotel operator, according to data compiled by Bloomberg. Accor declined to comment.
Alwaleed owns substantial stakes in Saudi firms across the real estate, retail and petrochemical industries. Most recently, Kingdom Holding acquired a 16.2 percentage of Banque Saudi Fransi from Credit Agricole SA in September. The $1.5 billion slew acquires Kingdom Holding the biggest shareholder in Saudi Arabia’s fifth-largest bank. Saudi Fransi didn’t respond to requests for comment.
It is the latest addition to a domestic portfolio that also includes a 33 percentage stake in Jeddah Economic Company, which is developing a real estate activity in Jeddah that is set to include the world’s tallest building. Other assets include the Kingdom Tower in Riyadh, which includes one of the tallest towers in Riyadh and a Four Seasons hotel. Other investments include a 34 percentage stake in Flynas, a budget airline that was considering an initial public offering this year, and a stake in food-producer Savola.