Joint Statement: Forbes Media and HRH Prince Alwaleed Bin Talal of Saudi Arabia

RIYADH, Saudia Arabia & NEW YORK--()--HRH Prince Alwaleed Bin Talal of Saudi Arabia, Forbes LLC, Forbes Media LLC and two Forbes writers have settled Prince Alwaleed’s libel suit against the Forbes companies and the two writers on mutually agreeable terms. Given the opening of the Saudi stock exchange to foreign investors beginning in June 2015, Forbes and the other defendants are currently comfortable with using the stock price of Prince Alwaleed’s publicly traded investment firm, Kingdom Holding Company, in valuing the KHC component of Prince Alwaleed’s wealth.

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Contacts

Media Relations:
Forbes Media
Mia Carbonell, 212-620-2288/917-673-0903
mcarbonell@forbes.com

Contacts

Media Relations:
Forbes Media
Mia Carbonell, 212-620-2288/917-673-0903
mcarbonell@forbes.com