RIYADH – Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal, led a consortium of investors advised by QInvest LLC, Qatar’s leading investment bank, for the acquisition of a strategic stake in 360Buy Jingdong Inc. valued at SR1.5 billion. KHC’s investment in this deal was approximately SR470 million, the company said in a statement Saturday.
Eng. Ahmed Halawani, Executive Director, Private Equity and International Investments, said: “This deal confirms KHC’s expertise to seek rewarding global investment opportunities, and to capitalize on them in light of their potential IRR in order to extract value for KHC shareholders.”
He added: “This deal is also in line with Kingdom Holding’s private equity investment strategy through selecting high growth companies potentially seeking to be listed in one of the international capital markets within three years. The deal also reflects international companies’ confidence in Kingdom Holding and the strategic role it plays in adding real value to their shareholders base.”
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