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Saudi Arabia's Prince Alwaleed holds talk with Twitter founder

Saudi Arabia's Prince Alwaleed holds talk with Twitter founder

Going over developments to the site in Paris

Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has met with Twitter founder Jack Dorsey to discuss developments in the social media platform

As the billionaire chairman of Kingdom Holding Company, Prince Alwaleed conducted a business lunch this week at The Four Seasons Hotel George V in Paris, alongside Jack Dorsey – worth over $2billion himself – and Suhail Rizvi, an investor in social media giant, Twitter.

During the meeting, Dorsey and Alwaleed discussed the latest "technical, financial and organisational developments in Twitter," a press statement said.

It added that the prince's interest in the US-brand is now worth about $1.2bn from an initial investment of $300m.

Kingdom Holding also owns stakes in a number of international companies, including Citigroup, News Corp, Four Seasons Hotels, Disneyland Paris, and Apple.

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