Saudi prince,who also owns approximately 1% of Rupert Murdoch’s News Corp, offloads 30% stake in SRMGSaudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Company has announced the sale of its almost 30% share in a press group that publishes pan-Arab newspaper Asharq Al-Awsat.
Kingdom Holding said in a statement on Sunday that it was selling its 29.9% share in the Saudi Research and Marketing Group (SRMG) for 837.3m riyals ($223m).
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Source: theguardian.com