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Update on Prince Alwaleed, Muslim Brotherhood’s Tech Investor


Mur­doch and Prince Alwaleed

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.

“Spain Reopens Rape Case Against Sau­di Prince” by Raphael Min­der; The New York Times; 9/14/2011. [2]

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 [3].

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:

Prince Walid bin Talal of Sau­di Ara­bia has tak­en a $300 mil­lion stake in the social media start-up Twit­ter. . . .
. . . Prince Walid bin Talal of Sau­di Ara­bia has tak­en a $300 mil­lion stake in the social media start-up Twit­ter, adding an emerg­ing brand name to an inter­na­tion­al invest­ment port­fo­lio that large­ly includes estab­lished giants like Apple, Cit­i­group and Walt Dis­ney.
Although the bil­lion­aire investor has long been known for tak­ing stakes in stal­warts, the Twit­ter deal focus­es on the next gen­er­a­tion of blue-chip com­pa­nies.
The five-year-old microblog­ging site, which now has more than 100 mil­lion active users, has quick­ly evolved into a ubiq­ui­tous com­mu­ni­ca­tions tool, allow­ing indi­vid­u­als and com­pa­nies to broad­cast and share infor­ma­tion in real-time.
Dur­ing the Arab Spring, rev­o­lu­tion­ar­ies embraced Twit­ter as a means to gal­va­nize sup­port and orga­nize protests.