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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Kingdom Holding Company    4280   SA31RG522S19

KINGDOM HOLDING COMPANY

(4280)
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Kingdom Holding Company : Prince Alwaleed & Kingdom Holding Co. Make a $300 Million Investment in Twitter (19/12/2011)

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12/19/2011 | 01:28am EST
Prince Alwaleed & Kingdom Holding Co. Make a $300 Million Investment in Twitter
19/12/2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company (KHC), announced today, Monday, December 19th 2011, a combined investment of $300 Million in Twitter. This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter.

Prince Alwaleed commented: "Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact."

Eng. Ahmed Halawani, KHC Executive Director of Private Equity and International Investments commented: "We believe that social media will fundamentally change the media industry landscape in the coming years.Twitter will capture and monetize this positive trend."

Twitter is a communication platform that instantly connects people everywhere to what`s most meaningful to them. At the heart of Twitter are small bursts of information called Tweets, which are 140 characters or less in length. With 250 million Tweets per day and more than 100 million active users, there is something for everyone on Twitter, no matter what you`re interested in or where you are in the world. Twitter can be accessed on the web, on smartphones and on the simplest of feature phones.

Prince Alwaleed has a strong presence and influence in media through his investments in media and entertainment in the Arab world, and beyond like the Saudi Research and Marketing Group (SRMG), in which Kingdom Holding holds a 29.9% stake. The publications that fall under SRMG include Asharq Al Awsat, Al Eqtisadiah, Arab News, Hia magazine, Al Majalla magazine, Arrajol magazine and Sayidati magazine. Furthermore, other entities that fall under SRMG are Al Khaleejiya for Publicity Advertising and Public Relations and Al Madina Printing and Publishing Company. Furthermore, KHC is owner of approximately 7 percent of News Corporation's Class B Common Stock.

In February 2010, Rotana Group announced that Newscorp has reached an agreement to buy a 9.09 percent stake in Rotana Group, to further develop its postion in the media sector in the Middle East and expand it horizon. Under the terms of the agreement, News Corporation will acquire newly-issued shares in Rotana for $70 million. News Corp. has an option to increase its stake to 18.18 percent in the 18 months following completion.

In addition, HRH Prince alwaleed recently announced his plans to launch his privately owned Alarab news channel, the news channel will be managed by Mr. Jamal Khashoggi.

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Financials (SAR)
Sales 2019 2 722 M
EBIT 2019 718 M
Net income 2019 862 M
Debt 2019 12 812 M
Yield 2019 7,13%
P/E ratio 2019 -
P/E ratio 2020 28,0x
EV / Sales2019 14,3x
EV / Sales2020 13,3x
Capitalization 25 978 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 11,30  SAR
Last Close Price 7,01  SAR
Spread / Highest target 61,2%
Spread / Average Target 61,2%
Spread / Lowest Target 61,2%
EPS Revisions
Managers
NameTitle
Talal bin Ibrahim Al-Maiman Chief Executive Officer & Executive Director
Alwaleed bin Talal Al-Saud Chairman
Adel bin Abdulaziz Al Abdussalam Chief Financial Officer & Executive Director
Taher Mohammed Omar Ishaaq Agueel Independent Director
Khaled Abdullah Al-Suhaim Deputy Chairman
Sector and Competitors
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