This blog involves the thoughts of two individuals collaborating online on a broad spectrum of business topics from around the world.

Friday, March 17, 2006

Kingdom Holdings to float 30% shares...

The Saudi celebrity-prince AlWaleed Bin Talal, has announced yesterday that his company would float 30 percent of its shares on the Saudi bourse for public subscription this year.Kingdom Holdings will be investing SR10billion ($2.6 billion) in the Saudi stock market.

I cant wait to have my own stake in the Four Seasons Hotel .hehehe

Update: I just read this: "....However, since foreigners are not allowed to own individual Saudi stocks, only certain Saudi mutual funds, Kingdom Holdings will be off-limits to most international investors".BLAAASSTTT !!!

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