“Kingdom is one of the most globally diversified investment options available to Saudi investors,” said Mohannad Aama, chief investment officer at Beam Capital Management in New York. “Optimism over some of Kingdom’s high-profile investments, such as Twitter, while small, has led to even more optimism.”

Four Seasons

Alwaleed, who owns Bloomberg TV’s partner channel in the Middle East, is pushing for future offerings, including Beijing- based online retailer JD.com, in which he bought an undisclosed stake for $125 million. The company filed a prospectus in January to raise $1.5 billion in a public offering, only one of several investments Kingdom will be “unleashing,” he said.

“We’re pushing all the companies we’ve invested in -- Four Seasons, Fairmont, JD.com, all the projects in Saudi Arabia -- towards monetization,” Alwaleed said. “I don’t want use the word IPO, monetization. It could mean going public, could mean mergers and acquisitions. Those are our jewels and they are really incredible names in their arenas.”

Kingdom closed down 0.2 percent at 23.95 riyals today in Riyadh.

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