New Delhi: Billionaire Saudi Arabian Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, is among people detained and under investigation by a new anti-corruption body.
King Salman announced late on Saturday the creation of a new anti-corruption committee chaired by Crown Prince Mohammed bin Salman, which Saudi-owned Al Arabiya television said had detained 11 princes, four current ministers and tens of former ministers.
Also detained and under investigation is former Saudi finance minister Ibrahim al-Assaf, said the official, who declined to be identified under briefing rules. Neither man could be reached immediately for comment.
As per the New York Times, Alwaleed bin Talal investment list is so vast are that he has been “referred to as the Warren Buffett of the Middle East.”
The NYT has reported that the Saudi Arabian Prince has sizable stakes across dozens of top companies in the world.
Alwaleed has gone into business with some of the “corporate world’s biggest titans, from Bill Gates to Rupert Murdoch and Michael Bloomberg,” NYT stated.
The following is a list of entities in which he has holdings either through personal investment or via Kingdom Holding:
Financial Services
- Banque Saudi Fransi: 16.19 percent
- Citigroup, *ownership percentage not known
Technology
- Apple Inc , 5 percent
- Careem
- Lyft
- Motorola Solutions Inc
- Twitter Inc : 4.9 percent
Consumer and retail
- EBay Inc
- Fashion Village Trading Company
- Jingdong (JD.com): 2.2 percent
- Saks Incorporated
- Savola Group Company Publishing
- Time Warner Inc
- Twenty-First Century Fox Inc : 4.98 percent
- News Corp : 1 percent
Entertainment
- Euro Disney
Petrochemicals
- National Industrialisation Company: 6.23 percent
Aviation
- Parent company of Flynas: 34.08 percent
Education
- Kingdom Schools
Healthcare
- Medical Services Projects Company
Private equity
- Kingdom Africa Management
Hotel Real Estate
- Four Seasons, George V Hotel, Paris
- The Plaza, New York
- Savoy Hotel, London
Hotel Management Companies
- Fairmont Raffles Holding International
- Four Seasons Hotels and Resorts
- IFA Hotels and Resorts Co
- Kingdom Hotel Investments
- Mövenpick Hotels and Resorts
Real Estate
- Ballast Nedam
- Canary Wharf (Songbird Estates)
- Jeddah Economic Company
- Kingdom Centre
- Kingdom City
