Apple, Citigroup, Twitter: Inside Saudi Prince's US investments

By Jade Scipioni
Published November 06, 2017
FOXBusiness

Apple, Citigroup, Twitter: Inside Saudi Prince's US investments

The arrest of Saudi Arabia’s Prince Alwaleed bin Talal on allegations of corruption has sent shock waves throughout the investing community.

Apple

Since 1997, KHC says it has maintained a significant investment in Apple. Still, current SEC filings tracked by Thomson Reuters do not list the firm among the top ten shareholders.  

Twitter

In 2011, KHC acquired a substantial position in Twitter. According to the company website, KHC believes that social media “will fundamentally change the media industry landscape in the coming years and Twitter will capture and monetize this positive trend.” According to SEC filings, his firm holds a 4.71% stake in the company.

Citigroup

Citigroup has been a core investment for KHC since 1991. The company states on its website that, “following KHC’s successes in the Saudi Arabian banking sector, the company identified Citicorp as an undervalued company with strong brand assets and significant potential for growth.” Still, current SEC filings tracked by Thomson Reuters do not list the firm among the top ten shareholders. 

21st Century FOX

KHC has been a past investor in 21st Century Fox, the parent company of the FOX Business and FOX News. According to SEC filings tracked by Thomson Reuters KHC is no longer a shareholder. 

The Plaza

KHC began investing in The Plaza in 1995 and holds a controlling interest in the hotel. Previous owners include Conrad Hilton and President Donald Trump. 

Emails from FOX Business to Kingdom Holdings were not returned at the time of publication.