Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

SAUDI ARABIA

Kingdom Holding Company Invests $400Mn In Glencore IPO

Saudi Arabian Investment Firm Kingdom Holding Company (KHC) announced on 23 May that it had, in conjunction with its Chairman Prince al-Walid bin Talal, invested $400mn in Swiss-based commodities giant Glencore Internationals initial public offering (IPO). This, the company announced in a statement, represents approximately 3.6% of the value of Glencores IPO. Investing...