Last Update 22:1
Tuesday, 28 January 2020

Saudi Prince Alwaleed cedes cash distributions from Kingdom Holding

Reuters , Thursday 29 Mar 2018
Share/Bookmark
Views: 2639
Share/Bookmark
Views: 2639

Saudi Prince Alwaleed bin Talal, chairman of Kingdom Holding, has given up full entitlement of his share of proposed annual cash distributions, the company said in a bourse filing on Thursday.

Prince Alwaleed, the kingdom's most recognised business figure, was freed on Jan. 27 after being held at Riyadh's Ritz-Carlton for three months in a campaign against corruption led by Crown Prince Mohammed bin Salman.

"Prince Alwaleed gave up his full entitlement of his share of the proposed annual cash distributions, which totaled ... 8.50 halalas per share (or) 299.2 million Saudi riyals ($79.8 million) quarterly," the filing said.

Short link:

 

Latest

© 2010 Ahram Online.