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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Saudi Prince AlWaleed Bin Talal to keep shares in Musk's Twitter

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Oct 2022 11:23
2 Min Read

An estimated $1.89 billion is expected to roll over to now-owner of Twitter, Elon Musk.

  • x
  • Saudi Prince Al Waleed Bin Talal (TechCrunch)
    Saudi Prince Al Waleed Bin Talal (TechCrunch)

Following tech mogul Elon Musk's infamous Twitter takeover, Saudi Prince Alwaleed bin Talal announced on Saturday that he will maintain his partial share of the social media platform.

In a tweet released by Bin Talal’s Kingdom Holding Company, it was confirmed that its Twitter stock, valued at $1.89 billion, will roll over to Twitter, now owned and led by Musk. This makes Bin Talal the second-largest investor, following Musk. 

Related News

KSA's Alwaleed to sell 16.87% of Kingdom Holding to PIF

Elon Musk up to paying $15bn to take over Twitter

A $300 million joint investment in Twitter was made by the prince and Kingdom in 2011, and his stake was increased in 2015. He agreed in May to roll the stake worth $1.89 billion into Elon Musk's takeover deal rather than cash out.

Dear friend "Chief Twit" @elonmusk

Together all the way 🤝🏻 @Twitter https://t.co/J9rnd013xz pic.twitter.com/bXo6RUaUwk

— الوليد بن طلال (@Alwaleed_Talal) October 28, 2022

While Bin Talal remains the company's chairman, his authority over the company was called into question by the US media, including the Wall Street Journal, after it was revealed that the Saudi royal - a cousin of the crown prince - had been held captive at the Ritz Carlton in Riyadh for 83 days. Tensions slight rose when Talal criticized Musk’s intentions to buy Twitter by stating that the offer was not sufficient to which Musk responded by criticizing the restrictrions on free speech in Saudi Arabia.

Musk has promised to turn down content moderation to a minimum since he took control of Twitter..

  • Alwaleed Bin Talal
  • US
  • Prince Alwaleed bin Talal
  • Elon Musk
  • Twitter
  • Saudi Arabia

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