Saudi’s Kingdom Holding pays $50 million to raise Twitter stake to 0.72 percent

October 7, 2015 admin dubai, graphics-faster, illustration, investment, katie-paul, myanmar, nearly-three, open-source, prince-alwaleed, riyadh, riyadh-based, stock-exchange, tech, the-investment

DUBAI (Reuters) – Saudi Arabia's Kingdom Holding has paid $50 million to double its stake in microblogging site Twitter Inc, the Riyadh-based company said on Wednesday. Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, now owns 0.72 percent of Twitter, having originally invested $50 million in the tech company in 2011

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Saudi’s Kingdom Holding pays $50 million to raise Twitter stake to 0.72 percent