Kingdom Holding invests in Rizvi Fund Size of Fund is expected to be $400m
Kingdom Holding Company (KHC), Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced its investment in the “Rizvi Opportunistic Equity Fund III”.
KHC recently invested in the Rizvi Opportunistic Equity Fund III building on the previous successful relation which led to KHC investment in Twitter. The fund is specialized in Pre-IPO opportunities in well known and well managed companies in the United States of America with a focus on Technology, e-commerce and social media. Furthermore the size of the fund is expected to be $400 million.
Rizvi Traverse Management believes in a value-oriented, opportunistic investment strategy that combines capital with management expertise. Rizvi Traverse Management seeks to actively create value at its portfolio companies by providing capital, management resources, strategic direction and merger and acquisition advice. Moreover, Mr. Suhail R. Rizvi is the Co-Founder and Chief Investment Officer of Rizvi Traverse Management LLC commented.
In 2011, Prince Alwaleed and KHC announced a combined investment in Twitter. This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter.
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. The Company is recognized as one of the largest foreign investors in the United States. KHC’s portfolio has its major interests in investment categories ranging from luxury hotels management hotel companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Mövenpick Hotels, Resorts AG and Swissotel) and real estate (Kingdom Tower and project in Jeddah and Kingdom Riyadh project) to hotel real estate investments such as (The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris and other hotels). KHC also has investments in Petrochemical (Tasnee) Media and Publishing (News Corporation and Saudi Research and Marketing Group), as well as in Entertainment (Euro Disney S.C.A). In addition, Finance and Investment services (Citigroup), Social Media and Technology (Twitter and Jingdong). Moreover, the Company has investments in Education (Kingdom Schools), Health Care (Medical Services Projects Company), Aviation (NAS Saudi Arabia) and Agriculture (Kingdom Agricultural Development Company – KADCO Egypt).