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...
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