Saudi investors of Kingdom Holding invest $60 million in Glencore IPO
Prince Alwaleed bin Talal, chairman of Kingdom Holding, and the firm have placed an order for $400 million but received $60 million in Glencore IPO.
This represents 3.6 percent of the value of Glencore’s IPO and the offering was substantially oversubscribed.
Kingdom Holding Company is listed in the Middle East Investors Directory with the code BFD84.
More details follows from Arab News
May 29, 2011 |
Filed under Ahmed Halawani, Hedge Funds Dubai, Kingdom Holding, Saudi Investors, Saudi Prince Alwaleed Bin Talal
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