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Tue 3 Feb 2015 11:52 AM

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Prince Alwaleed meets with Google chairman Eric Schmidt

During their meeting, two discussed the prince's investments in the US and possible future investments in the technology field.

Prince Alwaleed meets with Google chairman Eric Schmidt

Saudi businessman Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud this week met with a US delegation headed by Eric Schmidt, executive chairman of Google.

During their meeting Alwaleed, who is chairman of Kingdom Holding Company (KHC), and Schmidt discussed political, business and economic issues. The two also discussed the prince's investments in the US and future possible business cooperation between KHC and Google in the technology field.

The two previous met in 2013 in Chicago and, in the same year, they met at The Savoy hotel in London.

Kingdom Holding posted a 15 percent rise in fourth-quarter net profit last month as gains on investments increased and financial costs fell.

The investment firm has minority stakes in some of the world's top companies. Aside from being one of the largest shareholders in Citigroup, it owns stakes in Rupert Murdoch's News Corp, microblogging site Twitter, the Fairmont New York Plaza and the Four Seasons hotel group.

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