Interesting blurb from a conservative US news site (www.newsmax.com
Pro-American Prince is Arabia's Billionaire Buffett
From his 1991 investment in a then-precarious Citibank to his interests in Rupert Murdoch's News Corp., and the Four Seasons Hotels chain, Prince Alwaleed bin Talal is steadily gearing up his Riyadh-based Kingdom Holding for an initial public offering.
BusinessWeek reports that the Prince is known as the Warren Buffett of Saudi Arabia.
With his own name better known than his company's, the Prince, 47, is running ads in the U.S. in a brand-building campaign.
"It's on the table," the Prince said. "People have to be aware that, although Prince Alwaleed is behind this, there's an institution, too."
But the IPO is at least three years away, mainly because bin Talal wants to wade into politics, as "the Al-Saud dynasty faces a generational transition."