A joint statement released Wednesday by the prince and the Riyadh-based Kingdom Holding Company says their combined shares represent more than 5 percent of Twitter’s common stock, with a market value of $1 billion.
The prince and KHC, which he chairs, originally invested $300 million in Twitter in 2011 before the micro-blogging site went public two years later.
With the most recent investments, Prince Alwaleed holds roughly 30,100,000 shares in Twitter and KHC has nearly 4,850,000 shares.
source: business.inquirer.net
