Dubai, United Arab Emirates (CNN) – The Saudi “Kingdom Holding Company” and the private office of the company’s president, Prince Alwaleed bin Talal, announced on Friday the transfer of their shares in the shares of “Twitter” to the new private company. of Twitter, after the acquisition of CEO Elon Musk Tesla and SpaceX on Twitter.
A statement published by Al-Waleed bin Talal, via his Twitter account, claimed that the transfer of his and his company’s stake in Twitter shares, which “is worth 7 billion Saudi riyals ($ 1.8 billion) to the new company. private of Twitter, has been terminated. “
The statement added that “Kingdom Holding Company and Prince Alwaleed bin Talal’s private office will be the second largest shareholder after Elon Musk” and continued: “This agreement is in line with the long-term investment strategy that has characterized Kingdom. Holding Company. “
In his tweet, to which the statement was attached, Al-Waleed bin Talal said, addressing Elon Musk: “My dear friend, together all the way”.
Musk’s acquisition of Twitter went into effect Thursday for $ 44 billion and the company announced plans to exit trading its shares on the New York Stock Exchange.
