'We do the origination ourselves', Ahmed Halawani, the company’s head of private equity and international investments, said in an interview. 'We do not wait for an investment bank to come and say ‘this is a group of companies and we think that potentially they will fit your strategic objectives''.
Alwaleed, who owns 95% of Riyadh-based Kingdom, has built a fortune of $28bn amassing stakes in Citigroup Inc., News Corp. and Apple Inc., according to Bloomberg Billionaires Index.
Kingdom led a group of investors taking a $400m stake in 360buy on February 16th, returning to China after exiting investments before the financial crisis, Halawani said.
Hit the link below to access the complete Bloomberg article: