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Kingdom shares down after Alwaleed charity pledge

RIYADH, July 2, 2015

Shares in Kingdom Holding fall one per cent in thin trade after its chairman, billionaire Prince Alwaleed bin Talal, said he'll donate $32 billion to charity in coming years.

He added that this will include assets inside and outside Saudi Arabia, including his personal stake in Kingdom Holding, currently 95 percent according to exchange data.

Alwaleed said there will be no impact on company's share price or his investment strategy from his actions.

Saudi stock index up 0.2 percent in late trade.-Reuters
 




Tags: Kingdom Holding | Shares | Alwaleed | Charity |

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