Saudi Arabia Invests In Twitter
Prince Alwaleed, Kingdom Holding Company make $300 million investment in Twitter
RIYADH, Saudi Arabia - HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company (KHC), announced a combined investment of $300 Million in Twitter. This investment was the result of several months of negotiations and comprehensive due diligence and represents a strategic stake in Twitter.
Prince Alwaleed commented: "Our investment in Twitter reaffirms our ability to identify suitable opportunities to invest in promising, high-growth businesses with a global impact."
Eng. Ahmed Halawani, KHC Executive Director of Private Equity and International Investments commented: "We believe that social media will fundamentally change the media industry landscape in the coming years. Twitter will capture and monetize this positive trend."
Twitter is a communication platform that instantly connects people everywhere to what's most meaningful to them. At the heart of Twitter are small bursts of information called Tweets, which are 140 characters or less in length. With 250 million Tweets per day and more than 100 million active users, there is something for everyone on Twitter, no matter what you're interested in or where you are in the world. Twitter can be accessed on the web, on smartphones and on the simplest of feature phones.
Prince Alwaleed has a strong presence and influence in media through his investments in entertainment and media entities in the Arab world, and beyond, such as the Saudi Research and Marketing Group (SRMG), in which Kingdom Holding holds a 29.9% stake. The publications that fall under SRMG include Asharq Al Awsat, Al Eqtisadiah, Arab News, Hia magazine, Al Majalla magazine, Arrajol magazine and Sayidati magazine. Furthermore, other entities that fall under SRMG are Al Khaleejiya for Publicity Advertising and Public Relations and Al Madina Printing and Publishing Company. KHC is also owner of approximately 7 percent of News Corporation's Class B Common Stock.
In February 2010, Rotana Group announced that Newscorp had reached an agreement to buy a 9.09 percent stake in Rotana Group, to further develop its position in the media sector in the Middle East and expand its horizons. Under the terms of the agreement, News Corporation will acquire newly-issued shares in Rotana for $70 million. News Corp. has an option to increase its stake to 18.18 percent in the 18 months following completion.
In addition, Prince Alwaleed recently announced his plans to launch his privately owned Alarab news channel. The news channel will be managed by Mr. Jamal Khashoggi.
Comments
To
HRH
Prince Alwaleed Bin Talal Al Saud
Chairman of Kingdom holding Company
Riyadh, K.S.A.
Your highness,
My name is Prabal Rai from Bhaktapur, Nepal and I'm trying to reach for your since from 6 year's and try to seek justice for my life. As I have been discharge from Saudi Arabia due to medical reason's as I became victim of hemorrhagic stroke due to being long time patient of Hypertension. And I was send back to Nepal on May, 2005 due to my lack of physical condition's which I no longer provide service to the company that I have worked. But now with regular therapy and medication's I was able to do all my daily activities and personal thing without any help or assistance from others family member's. I could walk freely in independently with my own and I still hope to be recover more in future if I get proper therapy and medication's which I'm now unable to continue further due to lack of financial stances from my side. That's why I need re-employment back in work but still due to my physically not fit for providing same working capacity in my profession which I have worked before as restaurant supervisor I prefer to worked as office Asst. or any desk job in office premises. Even I could work in any food industry warehouse inventory controller or in-charge.
I need this job for my own life security and fulfillment's of need for therapy and medication's expenses and to support my family as well. Please your highness I'm requesting you i humanitarian grounds to assists me in form of human relationship as goodwill. I heard from many that you are the person with respect and kind heart who is always willing to help others in time of need and they ask you for your help.
And I hope surely this time you could help me fulfill my cause to support my life. As you could further contact through your officials and from Nepal embassy in the contact address I provide yo below:
Sincerely
Prabal Rai
P.O. Box 15142 K.P.C.
Kathmandu, Nepal
Residential address: 132/4 Balkot V.D.C. Bhaktapur
Tel: 00977-1-6636281 (Home)
00977-98418354836 (Mobile)
This is good news..I am congrulating You and I am congrulating Crown Prince Al Waleed Bin talal Bin Abdulaziz Al Saud..For his wonderful Mission in the World,mashaAllah,my best regards.Oph.op.dr.nevin kuyumcu İstanbul-Turkey
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