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American News Apr 15, 2022 5:50 PM EST

Records show Saudi prince who rejected Elon Musk's offer to buy Twitter sold all personal shares in 2019

It has been revealed that the Saudi prince who publicly rejected Elon Musk's offer to buy Twitter sold all his personal shares in 2019.

Records show Saudi prince who rejected Elon Musk's offer to buy Twitter sold all personal shares in 2019
Jarryd Jaeger Vancouver, BC

It has been revealed that the Saudi prince who publicly rejected Elon Musk's offer to buy Twitter sold all his personal shares in 2019.

On Thursday, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud publicly rejected Elon Musk's bid to buy Twitter for $43 billion.

The prince owns 95 percent of Kingdom Holdings Company, which continues to hold stock in Twitter, however, records show he sold all his personal shares in 2019.

Following Prince Alwaleed's rejection of Elon Musk's offer, Twitter user @zerohedge posted records appearing to show that the Saudi royal has not held any personal shares for years.

Also highlighted was the fact that the selling of Prince Alwaleed's stock took place shortly after he was released from detention in the Riyadh Ritz Carlton. According to The Guardian, he had spent nearly three months there as part of an "anti-corruption sweep."

At the time, The Guardian reported that many of the other detainees had been released after having "traded cash, real estate and other assets for their freedom."

Prince Alwaleed first purchased Twitter shares in 2011, before the social media company had gained much international traction.

In 2015, he and the KHC increased their ownership in Twitter to 5.2 percent.

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