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|| Saudi investor acquired 2.3% stake in Snapchat for $250 million

alwaleed snapchatSaudi Prince Alwaleed Bin Talal, founder of Kingdom Holding investment firm, bought 2.3% stake in American technology and camera company Snapchat for $250 million.

The shares was bought at around $11 each, below the $13.10 price shares closed at before earnings were released. Alwaleed and Kingdom holding has investment in other technology companies such as Lyft, JD.com and Twitter. (More details here)

Kingdom Holding is listed in the Middle East Investors Directory with the code BFD84.

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