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Prince Alwaleed’s Twitter stake worth over $1bn

Prince Alwaleed bin Talal, chairman of Kingdom Holding Co (KHC), has said the value of his stake in Twitter has quadrupled to over $1bn, despite a 15% stock drop last week, The National has reported. The micro-blogging website launched its initial public offering last month, raising $1.82bn. KHC originally invested $300m in Twitter, accounting for about 3% of the company in December 2011.