March 20, 2018 / 4:45 AM / 5 months ago

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

DUBAI (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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