Riyadh – Mubasher: Saudi billionaire Alwaleed bin Talal endorsed the ‘historic’ transaction carried out today by a French sovereign wealth fund and major French company in which they acquired a stake in Kingdom Holding Co. via a put-through trade worth SAR 563 million ($150 million) on 29.9 million shares at SAR 18.8 each.
Meanwhile, Alwaleed, who chairs KHC board of directors, maintained his full ownership in the company.
Aeroports de Paris, insurer AXA and construction group Eiffage are among the companies in the consortium led by France's Caisse des Depots (CDC).
The move will help Saudi Arabia in attracting more foreign investments, KHC said in a statement.
