Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has met with Twitter founder Jack Dorsey to discuss developments in the social media platform, it was announced on Wednesday.
The chairman of Kingdom Holding Company conducted a business lunch with Dorsey and Suhail Rizvi, an investor in Twitter, at The Four Seasons Hotel George V in Paris.
During the meeting, Dorsey and Alwaleed discussed the latest "technical, financial and organisational developments in Twitter", a statement said.
The statement added that the prince's interest in US social media platform Twitter is now worth about $1.2 billion from an initial investment of $300 million.
Kingdom Holding, controlled by the nephew of Saudi Arabia's King Abdullah, owns stakes in a number of international companies, including Citigroup, News Corp, Four Seasons Hotels, Disneyland Paris, and Apple.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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