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17-06-14

Saudi KHC to invest USD400m in Rizvi Fund

(MENAFN) Kingdom Holding Company (KHC) said it plans to invest in the Rizvi Opportunistic Equity Fund III, according to Arab News. KHC has already invested in the Rizvi Opportunistic Equity Fund III building on the previous successful relation, which opened the door to KHC investment in Twitter. The investment will be mainly in pre-IPO opportunities in well-known and well-managed companies in the United States and will focus on Technology, e-commerce and social media. The company's investment is expected to reach USD400 million.