Saudi Arabia’s Kingdom Holding Company (KHC), along with the private office of Prince Alwaleed bin Talal, will continue their ownership of Twitter shares valued at $1.89bn after Elon Musk’s takeover of the social media company, making them jointly the second largest investors, according to a statement released by the Saudi prince.
Bin Talal, who shared the statement on his Twitter account on Friday, and made reference to Musk as “Chief Twit”, stated that the deal was in line with the long-term strategy of KHC.
The company was founded by bin Talal, and is 16.9 percent owned by the Saudi Arabian sovereign wealth fund.
As of January 2022, Saudi Arabia, with a population of 34.8 million, had the eighth most Twitter users of any country in the world, with more than 12 million users.
Today I am requesting the Committee on Foreign Investment — which reviews acquisitions of U.S. businesses by foreign buyers — to conduct an investigation into the national security implications of Saudi Arabia's purchase of Twitter.https://t.co/IDwnKGaxt7— Chris Murphy (@ChrisMurphyCT) October 31, 2022
And in further good news
BRAVO: Our 🇨🇦 Ambassador @BobRae just took the floor at the UN today on behalf of 50 nations to call out China's “arbitrary and discriminatory detention of Uyghurs and other Muslim minorities in Xinjiang” which “may constitute crimes against humanity.” /1 https://t.co/A6KgZvQCXb pic.twitter.com/HUh3KEoLOj— Hillel Neuer (@HillelNeuer) October 31, 2022
Forty-nine nations joined Canada in its statement. Among those notably absent was the Kingdom of Saudi Arabia. So now the regime is supporting mainland China, cutting OPEC+ oil production to aid Russia, continuing its stake in Twitter, and is once again buying arms from the USA. It's a national security threat we'll need to acknowledge, preferably sooner rather than later.