Wednesday, July 04, 2007

Invest Like a Prince: Al-Waleed Bin Talal's Company Going Public

Prince Al-Waleed Bin Talal, one of the top 15 richest people in the world according to Forbes Magazine and the nephew of the King of Saudi Arabia, is taking his holding company, Kingdom Holding Co., public on the Saudi Arabian stock exchange. According to the exchange, the company has had an average annual return of 20% over the last 16 years. The holding company owns a lot of American stocks such as Apple (AAPL), Disney (DIS), News Corp. (NWS), and Citigroup (C).

The complete portfolio can be found at Kingdom's website, and Kingdom's publicly traded stockholdings can be found at Stockpickr.com.

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