Kingdom Holding Co. said the investment firm and its chairman, Saudi Arabian billionaire Prince Alwaleed Bin Talal, invested $500 million in General Motors Co.’s recent initial public offering. The transaction represents 1% of the value of GM’s subscriptions, Kingdom Holding said Tuesday in a statement emailed to Zawya Dow Jones. The firm cited “the global strength of the General Motors brand, the relatively attractive offering price, and the company’s growth prospects in Brazil and China.” [WSJ]

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Comments (16)

  1. Posted by Mitch Cumstein | November 23, 2010 at 5:14 PM

    Of course, it could just be his affinity for horse power.

    -Guy that’s Killing It with the Lame Jokes

  2. Posted by tits | November 23, 2010 at 5:18 PM

    inappropriate touching

  3. Posted by Snoop D-O-double-G | November 23, 2010 at 5:23 PM

    I like Prince Aldaweed better

  4. Posted by Shia Feva | November 23, 2010 at 5:26 PM

    “When asked about the Chinese Economic Bubble, the prince calmly removed his sunglasses and responded, ‘What?’ ”

  5. Posted by xel | November 23, 2010 at 5:30 PM

    Seeing that picture and reading the heading makes me think of this http://www.youtube.com/watch?v=Kz5SrPZfyMc

  6. Posted by Yo Me | November 23, 2010 at 5:33 PM

    he needs a good place to reinvest al the billions he made in citi

  7. Posted by Winkleballs | November 23, 2010 at 5:37 PM

    Nice saddle!

  8. Posted by Mitch Cumstein | November 23, 2010 at 5:44 PM

    That Glad™ Tall Kitchen Bag shirt never gets old.

  9. Posted by Fa'ad | November 23, 2010 at 5:44 PM

    that horse must be really inexpensive. look at how big it is!

  10. Posted by Texashedge | November 23, 2010 at 5:48 PM

    Poppin that collar like a baller

  11. Posted by Mustang | November 23, 2010 at 5:51 PM

    Would make more sense had he bought stock in F.

  12. Posted by boom | November 23, 2010 at 5:59 PM

    Sure is a strange looking camel.

  13. Posted by Guest | November 23, 2010 at 6:02 PM

    One might say he likes to “touch the US government’s junk”

  14. Posted by Angry King | November 23, 2010 at 6:54 PM

    this guy a fucking idiot.. he thinks he is warren but is a dumb fuck … if he didnt have a kingdom bankrolling his moronic investments, he would be bankrupt .. his ego is inversely proportional to his investment skills… and get off that horse you fucking knob

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