HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud | Gulf Business

HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud

It would be fair to say that many of Alwaleed’s achievements over the last 12 months, including the acquisition of 7.11 per cent stake in Middle East ride company Careem for $67m and plans to invest $800m in Egyptian hotels and acquire a 16.2 per cent stake in Banque Saudi Fransi, were overshadowed by events…

It would be fair to say that many of Alwaleed’s achievements over the last 12 months, including the acquisition of 7.11 per cent stake in Middle East ride company Careem for $67m and plans to invest $800m in Egyptian hotels and acquire a 16.2 per cent stake in Banque Saudi Fransi, were overshadowed by events at the end of 2017. The Saudi billionaire, who is the international face of the kingdom to many in the global business community after making shrewd investments in companies including Mövenpick Hotels, Walt Disney, News Corp and Twitter, was arrested under a corruption purge in November that snared hundreds of businessmen, royals and ministers. He was released from the kingdom’s luxury prison, the Ritz-Carlton Hotel in Riyadh, at the end of January and maintained his innocence despite reports that he had settled with authorities and handed over part of his estimated $17.6bn fortune. Alwaleed has since returned to his philanthropic ways after announcing a $530,000 donation to Al Hilal football club earlier this month.

Chairman, Kingdom Holding

Origin:KSA

Residence:KSA

Sector:Finance

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