HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), met with Mr. Dick Costolo, CEO of Twitter, Mr. Ali Rowghani, CFO of Twitter and Mr. Suhail Rizvi from Twitter at The Plaza Hotel in New York on Monday 6th February 2012 during His Royal Highness’s trip to the U.S. Prince Alwaleed was accompanied by a delegation that Mr. Jamal Khashoggi, General Manager of Alarab news channel that is privately owned by Prince Alwaleed and Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, KHC.
During the meeting, Mr. Costolo thanked the Prince for giving him the opportunity to meet with him. Moreover, the two discussed the collaboration between Prince Alwaleed and Kingdom Holding’s combined investment of $300 Million in Twitter that was announced in December 2011. KHC’s investment in Twitter was the result of several months of negotiations and a comprehensive due diligence represent a strategic stake in Twitter.