Prince alwaleed bin Talal invested 950 million Saudi riyals at snapchat, compared with 2.3% of the shares of the company

الأمير الوليد بن طلال يستثمر 950 مليون ريال سعودي في سناب شات مقابل 2.3% من أسهم الشركة

The Office of Prince alwaleed bin Talal about its acquisition of a proportion of 2.3% of the shares of company snape, compared to 950 million Saudi riyals – about 250$ million, at a rate of$ 11 per share.

This contribution becomes a prince is one of the largest shareholders in the company snape, so after the completion of the transaction on 25 May this year.

However, the new investment confirms His Highness on the strategy he pursued in investing in the technical side, and a wreath for the March initiated by the basement of the former via Twitter and do (Lyft) and J. D. stack (JD.com).

Commented The Prince on this investment, saying, “If snapchat is one of the more social media platforms innovative in the world, and we believe they are just getting started in planning the surface of its true potential”.

Came the Declaration of acquisition of 2.3% of the shares of the company in conjunction with the company’s announcement of its financial results for the third quarter of 2018, which has seen growth in revenue and the decline in the number of daily active users on the app.

The Prince alwaleed bin Talal invested 950 million Saudi riyals at snapchat, compared with 2.3% of the company’s shares appeared first on the tech world.

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