Prince Alwaleed bin Talal announced the termination of the transfer of his and Kingdom Holding Company’s stake in current Twitter shares, valued at 7 billion riyals, or $ 1.89 billion, to the new private Twitter company, making it the second largest shareholder of the company after Elon Musk.
After Musk announced his intention to buy the popular social media platform, the head of the Kingdom Holding Company expressed his confidence in pushing and maximizing Musk’s great potential of Twitter, referring to communicating with him and describing him as a ” new friend”.
said the prince Alwaleed bin Talal In a tweet last May, he said he will keep his approximately $ 1.9 billion stake in Twitter and join Twitter’s “exciting” journey.
Prince Alwaleed bin Talal’s announcement came after the Twitter deal finally came to light after a long and difficult ordeal, as the deal was completed so that Musk fulfilled his dream of acquiring Twitter and transforming it. in a platform that supports freedom of expression, he said: declaring that “the bird is free”.
