Announced
Completed
Financials
Sources
Tags
Public
Friendly
Minority
Private Equity
Acquisition
Single Bidder
Private Equity
private equity
Diversified Financials
Saudi Arabia
Completed
Domestic
Synopsis
Public Investment Fund, the sovereign wealth fund of Saudi Arabia, completed the acquisition of a 16.87% stake in Kingdom Holding, a Saudi conglomerate holding company based in Riyadh, for $1.5bn. The transaction took place on Saudi Arabia's stock exchange, Tadawul. Prince Alwaleed, one of the kingdom's most recognised business figures, will retain a majority 78.13% stake.
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