July 27, 2005 |
Saudi Prince Alwaleed bin Talal is donating about $20 million toward the building of an Islamic art wing at the Louvre, the largest-ever gift to the museum in what Alwaleed described as "an investment" to better explain the Islamic world to Europeans. The gift accounts for nearly one-third of the $66 million the Louvre plans to spend on its new Islamic art galleries, to open in 2009. The rest of the funding is coming from the French government and several French corporations.
November 18, 2003 |
Prince Alwaleed bin Talal, an influential nephew of the king and one of the world's richest men, says his country must accelerate social, political and economic reforms and better confront the causes of the Sept. 11 terrorist attacks. "You have to ask the simple question. Why 15 Saudis? You can't just say it happened by coincidence," Alwaleed said in an interview with the Los Angeles Times, referring to the 15 Saudis among the 19 hijackers in the attacks on New York and Washington.
August 9, 2001 |
Billionaire Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud, a self-proclaimed "buy and hold" investor, apparently has sold shares of McDonald's Corp. (ticker symbol: MCD), Coca-Cola Co. (KO) and Gillette Co. (G) in recent months. The three companies weren't on a list of current holdings provided by Al Waleed's office, after appearing on a list distributed in November. Donna Karan International Inc. (DK), Hyundai Motor Co. (HYMTF) and Malaysia's No.
November 3, 2000
Saudi Arabia's billionaire Prince Alwaleed bin Talal said he plans to double his investment in America Online Inc. to $2 billion after the firm posted good third-quarter results.
May 17, 2000 |
Finally: The answer to the question of who was buying stocks in mid-April when so many other investors were selling. Prince Alwaleed bin Talal, a 43-year-old nephew of Saudi Arabia's King Fahd, said Tuesday that he spent $1 billion in recent weeks and months buying shares in 15 U.S. companies, including Amazon.com, Walt Disney, Coca-Cola and AT&T. "We bought all these companies, which are here for the long run, after their share prices had collapsed by as much as 70%," Alwaleed said.
August 27, 1999 |
U.S. stocks are too rich for at least one prince's royal blood. Billionaire Saudi Prince Alwaleed Bin Talal, the biggest shareholder of Citigroup Inc. and Apple Computer Inc., says the U.S. market is so expensive that he won't make any new investments for the foreseeable future. Alwaleed, 42, who estimates his fortune at $14.5 billion, said he expects a "major correction" in stocks and will wait until it occurs before buying a large stake in another company.