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الوليد بن طلال يشتري جنرال ب 500 مليون دولار ( طاير السهم على هالخبر
Prince Alwaleed buys 1 pct GM stake
Nov 24, 2010 at 06:06 View count (11973) | | | |
By AFP
RIYADH - Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Co. invested 500 million dollars in General Motors in the US auto giant's IPO last week, the company said on Tuesday.
Alwaleed and Kingdom took a one percent stake in GM when the automaker returned to the public share markets with a 20 billion dollar-plus initial public offering on November 18, Kingdom said in a statement.
"The decision of Kingdom Holding Company and Prince Alwaleed to invest in GM was based on the global strength of General Motors brand, the relatively attractive offering price, and the company's growth prospects in Brazil and China," it said.
The statement did not say how much of the GM stake would be held by the prince privately and how much by Saudi-listed Kingdom.
"We cannot disclose that information at this time," Kingdom spokesman Hazim al-Dosary told AFP.
Kingdom, about 95 percent controlled by Alwaleed, is a major investor in major global companies like Citigroup, News Corp. Apple, and Walt Disney Corp.
It also owns and manages prominent luxury hotels around the world like the Georges V in Paris.
AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quotes in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore, you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.
Prince Alwaleed buys 1 pct GM stake
Nov 24, 2010 at 06:06 View count (11973) | | | |
By AFP
RIYADH - Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Co. invested 500 million dollars in General Motors in the US auto giant's IPO last week, the company said on Tuesday.
Alwaleed and Kingdom took a one percent stake in GM when the automaker returned to the public share markets with a 20 billion dollar-plus initial public offering on November 18, Kingdom said in a statement.
"The decision of Kingdom Holding Company and Prince Alwaleed to invest in GM was based on the global strength of General Motors brand, the relatively attractive offering price, and the company's growth prospects in Brazil and China," it said.
The statement did not say how much of the GM stake would be held by the prince privately and how much by Saudi-listed Kingdom.
"We cannot disclose that information at this time," Kingdom spokesman Hazim al-Dosary told AFP.
Kingdom, about 95 percent controlled by Alwaleed, is a major investor in major global companies like Citigroup, News Corp. Apple, and Walt Disney Corp.
It also owns and manages prominent luxury hotels around the world like the Georges V in Paris.
AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quotes in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore, you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.
