Prince Alwaleed bin Talal, the iconic Saudi billionaire who owns big stakes in many Saudi and internationally famous companies – among them Citigroup, News Corp, Saks, Four Seasons, Amazon, eBay and EuroDisney – is planning an international public offering of Kingdom Holding Company (KHC).
In an exclusive interview with Euromoney in Riyadh this weekend, Alwaleed revealed his plans for the IPO, which will take place in October or November this year.
The aim of the flotation is to boost interest and confidence in the Saudi stock market, which fell dramatically last month.
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