Saudi Arabia’s Kingdom Holding Company (KHC), led by Prince Alwaleed Bin Talal, has expressed interest in ByteDance’s TikTok if a potential buyer like Elon Musk steps forward. KHC already holds stakes in Musk’s ventures, including the social media platform X and artificial intelligence startup xAI.
TikTok’s Uncertain Future
TikTok’s future in the U.S. remains uncertain. The app faced a potential ban that was postponed after an executive order by then-President Donald Trump. Musk was recently suggested as a possible buyer, which could add TikTok to his growing portfolio.
Expanding Investments
KHC’s portfolio is vast, spanning sectors like petrochemicals, healthcare, real estate, and e-commerce. It also owns significant shares in flynas, a budget airline nearing regulatory approval for listing on the Saudi stock exchange.
Avoiding Cryptocurrency
KHC is cautious about cryptocurrency investments. CEO Talal Ibrahim al-Maiman stated, “We follow Warren Buffett’s principle—if you can’t buy goods with it, don’t invest in it.”
Backed by PIF
Saudi Arabia’s Public Investment Fund (PIF) owns a minority stake in KHC, which has 5% of its shares publicly traded on the Saudi stock exchange.
Kingdom Holding’s cautious yet strategic approach reflects its focus on high-growth industries while steering clear of speculative markets like crypto.
