The Saudi investment king who no longer rules alone

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Prince Alwaleed bin Talal's investment firm now counts Saudi Arabia's sovereign wealth fund as a minority shareholder, and sources say the fund is unlikely to sit on the sidelines.

may no longer be able to call all the shots.‘s self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber to Twitter with almost complete autonomy.as a minority shareholder and the powerful sovereign wealth fund is unlikely to sit on the sidelines, sources familiar with the matter said.

The PIF, Kingdom Holding, Prince Alwaleed, and his spokesman all declined to comment when contacted by Reuters about what PIF’s minority stake would mean for future investments. Most detainees were released after reaching financial settlements and Prince Alwaleed said in March 2018 that he had struck a confidential and secret deal with the government.

 

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