Twitter Secures $300 Million Investment From Kingdom Holding, Saudi Prince Alwaleed

Dec 19, 2011

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia and his investment group, Kingdom Holding Co., have invested $300 million in Twitter, according to paidContent. With this latest investment, Twitter is valued at $10 billion, according to Jack Neele, a fund manager at Robeco Groep NV.

In a press release, Kingdom Holding said, "This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter." Prince Alwaleed added that the investment "reaffirms [Kingdom Holding's] ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact."

Earlier this year, Twitter received $800 million from Digital Sky Technologies (DST) Global, of Russia. Kingdom Holding has also invested in News Corp.; Time Warner, Inc.; Apple, Inc.; Motorola, Inc.; eBay, Inc.; and HP.