Friday, November 26, 2010

Saudi tycoon Prince Alwaleed bin Talal


Saudi tycoon Prince Alwaleed bin Talal
Consort Alwaleed bin Talal and his Orbit Holding Co. invested US$500-million in Unspecialized Motors Co. in the U.S. motorcar goliath's IPO parting period, the consort said Tuesday. The Saudi tycoon, sect, and Land took a 1% part in GM when the maker returned to the exoteric assets markets with a US$20-billion-plus initial public giving on Nov. 18, Kingdom said. "The mind of Arena Holding Co. and Prince Alwaleed to invest in GM was based on the globose capability of Gross Motors form, the relatively photogenic offering price, and the visitor's growth prospects in Brazil and Crockery," it said. The evidence did not say how overmuch of the GM stake would be held by the consort privately and how more by Saudi-listed Arena.

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