JAKARTA - The investment company owned by Prince Alwaleed Bin Talal of Saudi Arabia, Kingdom Holding Company (KHC), expressed interest in investing in ByteDance's TikTok. This is done if Elon Musk or other parties offer to buy the popular short video application. This was conveyed by the CEO of KHC, Talal Ibrahim al-Maiman, in an interview with Al Arabiya TV on Wednesday, January 22.
Efforts to find buyers for TikTok, an application owned by Chinese companies, are still ongoing in the United States. Previously, this application was stopped and then revived after an executive order signed by former US President Donald Trump extended the ban on its use to 75 days.
Trump on Tuesday, January 21 said he was open to Musk, CEO of Tesla, wanting to buy the app.
KHC currently owns shares in various companies owned by Musk, including social media platform X and its artificial intelligence startup, xAI. In addition, Saudi Arabia's Public Investment Fund (PIF) holds a minority stake in KHC, with 5% of its shares listed on the Saudi stock exchange.
Sela-sela Forum Ekonomi Dunia di Davos, Swiss, Al-Maiman juga menyebutkan bahwa maskapai penerbangan murah asal Saudi, flynas, yang sebagian besar sahamnya dimiliki oleh KHC, sedang dalam tahap akhir untuk mendapatkan persetujuan dari regulator Saudi, CMA, untuk mencatatkan sahamnya di bursa.
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While the KHC has a wide portfolio covering the petrochemical industry, healthcare, property and e-commerce, the company is in no hurry to enter the cryptocurrency market.
"We support Warren Buffett's theory: what you can't use to buy goods, don't invest. Because we can't buy goods with cryptocurrencies, so right now we don't intend to invest in them," said Al-Maiman.
The KHC, founded by Prince Alwaleed, is often dubbed the "Warren Buffett of Saudi Arabia," continues to maintain its conservative investment strategy, focusing on more established sectors.
Meanwhile, discussions about the future of TikTok are still attracting the world's attention, especially after big names like Elon Musk were cited as potential buyers of the application.
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