Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Company (KHC) is considering investing in TikTok if it becomes available for purchase. CEO Talal Ibrahim al-Maiman expressed this interest in an interview, highlighting that KHC is open to such opportunities, especially if Elon Musk or others initiate a buyout.
The U.S. is still seeking a buyer for TikTok, the Chinese-owned video app, after President Donald Trump issued an order delaying its ban. Trump has indicated his openness to Musk acquiring TikTok.
KHC already has investments in Musk’s ventures, including his social media platform X and artificial intelligence startup xAI. Additionally, Saudi Arabia’s Public Investment Fund holds a minority stake in KHC, which is also partially listed on the Saudi stock exchange.
Al-Maiman revealed that flynas, a low-cost airline partially owned by KHC, is close to receiving approval for public listing from the Saudi regulator. Despite its diverse investments in sectors like petrochemicals, healthcare, and real estate, KHC remains cautious about entering the cryptocurrency market.
Al-Maiman emphasized a conservative investment approach, aligning with Warren Buffett’s philosophy of not investing in assets that aren’t used for purchasing goods, thus steering clear of cryptocurrencies.