Middle-east Arab News Opinion | Asharq Al-awsat

Saudi Investor Prince Meets with Qatar Wealth Fund - ASHARQ AL-AWSAT English Archive
Select Page

RIYADH, Saudi Arabia, (AP) — The investment company headed by the Saudi prince who is a major Citigroup shareholder says he discussed investments and future projects with the chief of an arm of Qatar’s sovereign wealth fund.

Prince Alwaleed bin Talal’s Kingdom Holding said Saturday the prince met with Qatar Holding CEO Ahmad al-Sayed in the Saudi capital Riyadh. The company says they discussed the Saudi prince’s existing holdings, “economic and investment issues, and future projects.”

In April, a property company owned by natural gas-rich Qatar’s sovereign wealth fund was part of a $847 million deal for a 40 percent stake in hotel operator Fairmont Raffles Holdings International. The transaction allowed Kingdom Holding to trim its stake in the hotel operator.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube