Kingdom Holding to invest $400m in Rizvi Fund
Riyadh, June 16, 2014
Saudi Arabia-based Kingdom Holding Company (KHC) is set to invest about $400 million in the Rizvi Opportunistic Equity Fund III.
The fund is specialised in pre-IPO opportunities in well-known and well-managed companies in the US with a focus on technology, commerce and social media, said a statement.
Rizvi Traverse Management follows a value-oriented, opportunistic investment strategy that combines capital with management expertise. It seeks to actively create value at its portfolio companies by providing capital, management resources, strategic direction and merger and acquisition advice.
Suhail R Rizvi is the co-founder and chief investment officer of Rizvi Traverse Management.
Founded in 1980, KHC is a publicly traded company which was listed on the Saudi Stock Exchange (Tadawul) in 2007. It is chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.
It is a diversified business organization and is recognized as a large foreign investor in the US. Its portfolio includes hotels and hotel management companies, real estate, hotel real estate investments, petrochemical, media and publishing, entertainment, finance and investment services, social media and technology, education, healthcare, aviation and agriculture. - TradeArabia News Service