RIYADH, (Reuters) – Kingdom Holding 4280.SE, owned by Saudi investor Prince Alwaleed bin Talal, and UAE-based Mubadala Development Co have discussed future potential business collaboration, the Saudi firm said on Wednesday.

Prince Alwaleed bin Talal has held a meeting with Khaldoon Al-Mubarak, CEO of Mubadala Development Co in Riyadh, their second meeting this year, Kingdom Holding said in a statement.

“The meeting was attended by a delegation from Kingdom Holding, Rotana and Mubadala Development Co … The meeting touched upon local, regional and international economic and investment issues, and future potential business collaboration,” Kingdom Holding said.

Prince Alwaleed holds a 95 percent stake in Kingdom Holding.