Saudi Prince’s Investment Firm Avoids Cryptocurrency Investments
- Kingdom Holding, led by Saudi Prince Alwaleed Bin Talal, will not invest in cryptocurrency.
- The firm cites the lack of adoption of crypto as a payment method for goods and services.
- CEO Talal Ibrahim al-Maiman supports Warren Buffett’s investment philosophy.
- The company’s assets are valued at approximately $13.6 billion.
- Kingdom Holding’s portfolio includes finance, hospitality, health care, media, technology, and real estate sectors.
Kingdom Holding has decided against investing in cryptocurrencies due to their limited use as a payment method, aligning with Warren Buffett’s investment principles. The firm’s diversified portfolio is valued at around $13.6 billion.
Source (2.6)https://www.coindesk.com/business/2025/01/22/saudi-prince-s-investment-firm-shuns-crypto-investments-citing-lack-of-utility-reuters?rand=52298
