Saudi family office of Abuljadayel acquired stake in UK media firm The Independent

Sultan Mohamed Abuljadayel, a 42 years old Saudi national, has acquired stake in the famous British newspaper The Independent for a reported sum of $130 million.

Established in 1986, the Independent was controlled by Tony O'Reilly's Independent & Media from 1997 until Russian oligarch Alexander Lebedev invested in it in 2010. Sultan Mohamed Abuljadayel, 42, listed in company records as a Saudi-based Saudi Arabian national and has acquired up to 50 percent of the Independent. According to Middle East Eye, a source with knowledge of the deal said the investment may be as much as $130 million.

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