March 20, 2018 / 4:46 AM / a month ago

Prince Alwaleed's Kingdom Holding likely to spin off assets -BBG

DUBAI, March 20 (Reuters) - Saudi Arabian investment firm Kingdom Holding is likely to split its $13 billion of assets through a spin-off of domestic property and other holdings, its billionaire chairman Prince Alwaleed bin Talal said.

Prince Alwaleed also told Bloomberg in a television interview that he was working with advisors, including Goldman Sachs, to look for investments as large as $3 billion for Kingdom. (Reporting by Alexander Cornwell; Editing by Andrew Torchia)

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