COMMENT: It’s been a while since we caught up with Prince Alwaleed of Saudi Arabia–a Muslim Brotherhood functionary who has assumed a large profile in the investing industry, hi-tech in particular.
Alwaleed has added Twitter to the companies in which he invests.
Spanning the divide between Western corporate investing and the realm of Saudi religious austerity and the Muslim Brotherhood, Alwaleed is the second largest stockholder in News Corporation behind Murdoch himself.
Before we get to the subject of Alwaleed and Twitter, we note that the prince has allegedly availed himself of another type of software.
EXCERPT:The prince, Alwaleed bin Talal bin Abdulaziz al-Saud, a nephew of King Abdullah of Saudi Arabia, is the largest individual stakeholder in Citigroup and, among his other major holdings, is the second largest investor in the News Corporation.
Forbes valued his fortune this year at $19.4 billion, making him the 26th richest man in the world and the single richest in the Arab world.
The accuser did not go public, and the original complaint appears to have remained largely unknown. The case was quietly closed in July 2010 for what a judge on the Mediterranean resort island of Ibiza called a lack of evidence. . . . .
COMMENT: Alwaleed has bought into Twitter at the same time as the Muslim Brotherhood has opted to increase its media profile .
Might Alwaleed’s acquisition of Twitter stock facilitate the MB’s advance into, and use of, the social media?
“Saudi Billionaire Buys $300 Million Stake in Twitter”; The Global Muslim Brotherhood Daily Report; 12/20/2011.
EXCERPT: Global media is reporting that Saudi Arabian Prince Walid bin Talal has bought a $300 million dollar stake in Twitter, the social-media giant. According to a New York Times report: