Bloomberg News

Twitter Plans IPO in Two Years, Kingdom Holding’s Halwani Says

December 19, 2011

Dec. 19 (Bloomberg) -- Twitter Inc., the microblogging service with about 100 million users, plans to sell shares in an initial public in two years, said Ahmed Halawani, executive director of private equity at Kingdom Holding Co.

Kingdom Holding won’t have voting rights or be represented on the Twitter board, he told Al Arabiya in an interview today.

Kingdom Holding and its majority owner Prince Alwaleed bin Talal today agreed to buy a $300 million stake in Twitter.

Halawani said the company financed the investment partly through a loan.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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