Al-Waleed bin Talal
Prince Al-Waleed bin Talal Al Saud
الوليد بن طلال بن عبدالعزيز آل سعود
|Born||7 March 1955|
|Alma mater||Menlo College|
|Occupation||Chairman and CEO of Kingdom Holding Company|
|Spouse(s)||Dalal bint Saud bin Abdulaziz (divorced)|
Eman bint Naser bin Abdullah al Sudairi (divorced)
Ameera al-Taweel (divorced)
Prince Al-Waleed bin Talal bin Abdulaziz Al Saud (Arabic: الوليد بن طلال بن عبدالعزيز آل سعود, born 7 March 1955) is a Saudi Arabian businessman, investor, philanthropist and a member of the Saudi royal family. He was listed on Time magazine's Time 100, an annual list of the hundred most influential people in the world, in 2008. Al-Waleed is a grandson of Ibn Saud, the first Saudi Arabian king, a nephew of all Saudi Arabian kings since, and a grandson of Riad Al Solh (Lebanon's first prime minister).
He is the founder, chief executive officer and 95 percent owner of the Kingdom Holding Company, a company with investments in companies in the financial services, tourism and hospitality, mass media, entertainment, retail, agriculture, petrochemicals, aviation, technology and real-estate sectors. In 2013, the company had a market capitalization of over $18 billion. Al-Waleed is Citigroup's largest individual shareholder, the second-largest voting shareholder in 21st Century Fox, a minor shareholder in Zaveriwala Holdings LLC and owns Paris' Four Seasons Hotel George V and part of the Plaza Hotel. Time has called him the "Arabian Warren Buffett". In November 2017 Forbes listed Al-Waleed as the 7th-richest man in the world, with an net worth of $39.8 billion.
On 4 November 2017, he and other prominent Saudis (including fellow billionaires Waleed bin Ibrahim Al Ibrahim and Saleh Abdullah Kamel) were arrested in Saudi Arabia, in a purge that the Saudi government characterized as an anti-corruption drive. The allegations against Prince Al-Waleed include money laundering, bribery, and extorting officials. Some of the detainees have been in the Ritz-Carlton, Riyadh since then. Al-Waleed was released from detention on 27 January 2018, following a financial settlement of some kind, after nearly three months in detention. In March 2018 he was dropped from the World's Billionaires list due to lack of current information.
Early life and education
Al-Waleed was born in Jeddah on 7 March 1955 to Prince Talal bin Abdul-Aziz, long-time-known as The Red Prince, and Mona Al Solh, daughter of Riad Al Solh (Lebanon's first prime minister). His father was Saudi Arabia's finance minister during the early 1960s, before he went into exile due to his advocacy for political reform. Al-Waleed's grandmother was Munaiyir, an Armenian whose family escaped the Armenian Genocide. She was presented by the emir of Unayza to Ibn Saud in 1921, when she was 12 years old and Ibn Saud was 45.
Al-Waleed's parents separated when he was seven, and he lived with his mother in Lebanon. He first attended Pinewood College in Beirut.:19–20 As a boy, he ran away from home for a day or two at a time (sleeping in unlocked cars) before attending military school in Riyadh, the King Abdul Aziz Military Academy.:26 In 1974, he returned to Lebanon, attending the Choueifat School and then Manor School.:27,33 Al-Waleed received a bachelor's degree in business administration from Menlo College in California in 1979, finishing in two-and-a-half years,:43 and a master's degree with honors in social science from Syracuse University in 1985, finishing in eleven months.:57
Al-Waleed began his business career in 1979 after graduating from Menlo College. He returned to Saudi Arabia, which was in the midst of the 1974–85 oil boom. Operating from a small, four-room cabin in Riyadh and $30,000 start-up money provided by Prince Talal, al-Waleed formed Kingdom Establishment in 1980. When that money ran out in a few months, he secured a $300,000 loan from the Saudi American Bank, partly owned by Citibank. Rather than taking a commission for facilitating contracts as the legally required middleman, Al-Waleed insisted on a stake in the project. His first success was in 1982, partnering with a South Korean construction company, and from then on, his commissions were used to fund his real estate deals. In his own words, "All the money I used to get from this construction I would plough back into real estate, and in the stock market, both.":42–54
After the end of the Saudi oil boom, Al-Waleed acquired the underperforming United Saudi Commercial Bank (USCB). Through mergers with Saudi Cairo Bank (SCB), forming United Saudi Bank (USB), and the Saudi American Bank (SAMBA), it became a leading Middle Eastern bank. The hostile takeover of USCB in 1986, the merger with SCB in 1997, and the merger of USB with SAMBA in 1999, were the first of their kind in the Kingdom. He then secured a majority in Al-Azizia Panda, merging it with the Savola Group, and took over National Industrialization Company.:60–71,146–148
By 1989, his net worth was $1.4 billion, and included stakes in Canary Wharf, Four Seasons Hotel Group, and News Corporation. When Al-Waleed turned to the international market, he focused on "established brands going through hard times," as Riz Khan puts it. Al-Waleed would do his homework, and then wait for the proper purchase entry point. He invested about $250 million in Chase Manhattan, Citigroup, Manufacturers Hanover, and Chemical Bank. After seven months, he sold his stakes in the other banks and concentrated on investing in Citicorp, acquiring 4.9 percent of the bank. Though the worst performing bank of the four, Al-Waleed considered Citicorp had the best potential.:49,73–76,121
In Sept. 1990, Citibank was undercapitalized due to real estate credit losses and exposure to Latin America debt, prompting a need for a capital reserve. By Nov. they were actively seeking investors. Based on his banking experience in the Kingdom, Al-Waleed agreed in Jan. 1991 to invest $590 million, about half his accumulated wealth, in a five-year convertible security paying 11 percent interest. By Feb., that took his total investment in Citicorp to $797 million, or about 15 percent of the company. Though he had received a Federal Reserve temporary waiver to own such a large portion of the company, Al-Waleed sold enough shares in 1993 to get below the 10 percent threshold. Still, he was the largest shareholder in the largest US financial institution at the time. Yet, in Alwaleed's words, "It is not a relationship, it's an alliance. We are there forever with them." Sandy Weill says of Al-Waleed, "I think what he did really saved the bank.":77–98
In 1994, Al-Waleed secured a 50 percent controlling interest in Fairmont, and a 22 percent stake in the Four Seasons. In 1995, he bought a 42 percent stake in the Plaza Hotel. Then, in 1996, he bought the George V for $185 million, and spent $120 million renovating it for a reopening in Dec 1999. Regarding Al-Waleed's investment in the George V, Issy Sharp states, "...he created value where no one else could...":110–118
Also in 1994, Al-Waleed bought a 24 percent stake in Euro Disney for $345 million.:128
In 1995, Kingdom Establishment for Trading and Contracting was reorganized as the Kingdom Holding Company, and Al-Waleed announced construction of the Kingdom Centre, Kingdom Hospital, Kingdom School and Kingdom City. Also in 1995, he bought a 2.3 percent share of Mediaset after haing invested earlier in the Arab Radio and Television Network, acquiring 30 percent. In Oct. 1995, Al-Waleed joined a consortium which paid $1.2 billion for control of Canary Wharf, with his share of the company amounting to 6 percent, costing him $66 million.:52,120–121,139–145
In March 1997, Al-Waleed purchased a 5 percent stake in Apple Inc., making him the largest shareholder. In Nov. 1997, he purchased 1 percent share of Motorola for $287 million and a five percent share of Netscape for $146 million, before its purchase by AOL and merger with Time Warner. In 2001 and 2002, Al-Waleed increased his stake in AOL Time Warner by another $540 million.:122–125 He also invested in MCI, Fox Broadcasting and other technology and media companies.
Time reported in 1997 that Al-Waleed owned about five percent of News Corporation, which he purchased for $400 million, making him the third largest shareholder. In April 1999, Al-Waleed purchased an additional $200 million of preferred shares.:123–124 In 2010 his News Corporation stake was about seven percent ($3 billion). Three years later News Corporation had a $175 million (19-percent) investment in al-Waleed's Rotana Group, the Arab world's largest entertainment company. A review of his holdings implied that al-Waleed had sold his investment in AOL.
In 1999 The Economist expressed doubts about the source of his income, wondering if he was a front man for other Saudi investors:
He has not earned enough income from his investments to pay for all that he has spent in the 1990s. The mystery goes back to that first stake in Citicorp. The prince has declared that this money came entirely from his personal funds. He says he started out in 1979 with a loan of just $30,000 from his father. He also mortgaged a house that his father had given him, raising something like $400,000. And each month, as a grandson of Ibn Saud, he receives $15,000. You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp.
Al-Waleed invested in WorldCom, Priceline.com, Coca-Cola, and Ford Motor Company, totaling almost $2 billion. In Asia, he bought 5.9 percent of Daewoo for $50 million, which he increased to 18 percent with an additional $100 million investment, 3 percent of PROTON Holdings for $46 million, 3 percent of Ong Beng Seng's Hotel Properties Ltd., and $50 million worth of Hyundai Motor Company bonds. In Africa, he invested $50 million, acquiring 10 percent of Sonatel, 10 percent of Ecobank, 13.7 percent of United Bank for Africa, and 14 percent of CAL Bank. Investments which turned out poorly included WorldCom, Priceline, Teledesic, and KirchMedia, besides PlanetHollywood and Euro Disney.:133–137,152
In 2002, Al-Waleed formed Kingdom Hotel Investments to oversee his hotel assets.:108
His real-estate holdings included large stakes in the Four Seasons Hotels and Resorts and New York's Plaza Hotel; al-Waleed sold half his shares in the Plaza in August 2004. He has invested in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. Al-Waleed holds a ten-percent stake in Euro Disney S.C.A., the company which owns, manages and maintains Disneyland Paris in Marne-la-Vallée.:113–114
In January 2005 Al-Waleed purchased the Savoy Hotel in London for an estimated £250 million, to be managed by Fairmont Hotels and Resorts; his sister, Sultana Nurul, owns an estimated 16 percent stake. In January 2006, in partnership with the U.S. real-estate firm Colony NorthStar, Kingdom Holding acquired Toronto-based Fairmont Hotels and Resorts for an estimated $3.9 billion. It was reported in 2009 that Al-Waleed owned 35 percent of Research and Marketing Group (SRMG), a large mid-east media company.
The 2004 Forbes list of wealthiest people had Al-Waleed fourth, with a net worth of $21.5 billion. More than $1.3 billion was in hotel holdings.:99,115
In August 2011 al-Waleed announced that his company had contracted with the Saudi Binladin Group to build the world's tallest building, the Kingdom Tower (at a height of at least 1,000 metres (3,300 ft)) for SR 4.6 billion. The original plan—announced in 2008—called it برج الميل (Arabic for "One-Mile Tower"), at a height of 1,609 metres (5,279 ft) and an estimated cost of $20 billion.
In December 2011 Al-Waleed invested $300 million in Twitter, purchasing secondary shares from insiders. The purchase gave Kingdom Holding a "more than 3% share" in the company, which was valued at $8 billion in late summer 2011.
In 2015, he announced that he would donate his fortune to charity at an unspecified date. He had previously donated $3.5 billion over the course of 35 years through his charitable organization Alwaleed Philanthropies.
Arrest and release
On 4 November 2017, Al-Waleed was arrested in Saudi Arabia in a "corruption crackdown" conducted by a new royal anti-corruption committee. This was done on authority of Crown Prince Mohammad bin Salman, his cousin (both are grandsons of Ibn Saud, first monarch and founder of Saudi Arabia), with the aim of consolidating his position.
Just days before his arrest, Al-Waleed reportedly contacted US-based Saudi journalist Jamal Khashoggi (who had publicly criticized the Saudi government in the past) and invited him to return to the Kingdom in order to contribute to Mohammad bin Salman's vision.
In total, 320 princes, ministers and businessmen were detained. Al-Waleed was released from detention in late January 2018, nearly three months after his arrest, after he and most of the other Saudi notables arrested the previous year had made a financial settlement of some kind with the Saudi government. Prince Mutaib bin Abdullah, the son of the late King Abdullah (1924–2015), was released after paying a reported $1 billion. According to a Wall Street Journal report, the price for his release was $6 billion.
The Saudi Arabia government did not disclose charges or produce evidence and the negotiations were held in secret.
In 2013, Kerry Dolan, editor of Forbes' annual billionaires' list, wrote an article accompanying the list entitled "Prince Alwaleed and the Curious Case of Kingdom Holding Stock". According to Dolan, al-Waleed attached great importance to the Forbes list and she alleged a correlation between changes in the share price of Kingdom Holdings and the annual run-up to the list's publication. In the Forbes article, Dolan wrote that al-Waleed would blind copy Dolan on text messages he sent to prominent people in an attempt to impress her. She spent a week with him in Riyadh in 2008, at his behest, touring his palaces. In 2006 Forbes estimated al-Waleed's net worth at $7 billion less than he claimed. He telephoned Dolan at home, according to the editor, "nearly in tears". Al-Waleed had Kingdom Holding's chief financial officer fly to New York before a previous list was published to ensure that Forbes used his stated numbers.
The article explains the methodology behind Forbes' 2013 estimate of his wealth at $20 billion, examines Kingdom Holdings' share performance and contains Dolan's communications with Kingdom Holdings CFO Shadi Sanbar. Sanbar demanded that al-Waleed's name be removed from the billionaires' list if Forbes did not increase its valuation of his wealth. Dolan wrote, "As Forbes asked increasingly specific questions in the process of fact-checking this story, the prince acted unilaterally the day before it was published, announcing through his office that he would 'sever ties' with the list." Sanbar said in a press release, "Prince Alwaleed has taken this step as he felt he could no longer participate in a process which resulted in the use of incorrect data and seemed designed to disadvantage Middle Eastern investors and institutions."
Al-Waleed said in a March 2013 interview with The Sunday Telegraph that he would pursue legal action against Forbes. "They are accusing me of market manipulation," Al-Waleed said. "This is all wrong and a false statement. We will fight it all the way against Forbes." He called the Forbes list "flawed and inaccurate", saying that it "displays bias against Middle East investors and financial institutions."
The Guardian reported that on 6 June 2013, al-Waleed had brought a defamation claim in London against the publisher of Forbes; its editor, Randall Lane, and two journalists from the magazine. Forbes expressed surprise at the libel action and the fact that it was filed in London. According to the magazine, "The Prince's suit would be precisely the kind of libel tourism that the UK's recently-passed libel reform law is intended to thwart. We would anticipate that the London high court will agree. Forbes stands by its story." As of 20 June, Forbes had not been served with papers.
A statement issued by the Kingdom Holding Company accused Forbes of publishing a "deliberately insulting and inaccurate description of the business community in Saudi Arabia and specifically, Forbes' denigration of the Saudi stock exchange (Tadawul), which is one of the most regulated in the world". According to al-Waleed, the magazine used an "irrational and deeply flawed valuation methodology, which is ultimately subjective and discriminatory".
On 16 June 2015, Forbes and al-Waleed released a joint statement announcing that they had settled their dispute "on mutually agreeable terms". The opening of the Saudi stock exchange to foreign investors was cited as key in the defendants' willingness to consider the stock price of al-Waleed's publicly traded Kingdom Holding Company in valuing the KHC component of his wealth.
Al-Waleed tweeted a statement with a picture of himself holding an honorary Palestinian passport, "In response to the news of the visit to Israel: I have not and will not visit Jerusalem or pray inside it until its liberation from the Zionist enemy. And I carry an honorary Palestinian passport".
In 2015, al-Waleed was criticised for offering to buy Bentley cars for Saudi fighter pilots involved in the Saudi Arabian-led intervention in Yemen. In a tweet later deleted, he said: "In appreciation of their role in this operation, I'm honoured to offer 100 Bentley cars to the 100 Saudi [fighter] pilots".
In July 1997, Al-Waleed invested $10 million with the Palestinian Investment and Development Company (PADICO), and then helped cofound the Jerusalem Development and Investment Company (JEDICO).:149 150
In 2002, al-Waleed donated $500,000 to help fund the George Herbert Walker Bush scholarship at Phillips Academy in Andover, Massachusetts. and donated £18.5 million to Palestinian families during a TV telethon ordered by Saudi King Fahd to help relatives of Palestinians after Israeli operations in the West Bank city of Jenin. In 2004, he contributed $17 million to victims of the 2004 Indian Ocean earthquake and tsunami.
On 1 July 2015, al-Waleed held a press conference announcing his intention to donate $32 billion to philanthropic causes. He said that the funds would be used for humanitarian projects such as the empowerment of women and youth, disaster relief, disease eradication and building bridges of understanding between cultures.
Donation after 11 September attacks
After the 11 September attacks, al-Waleed gave a cheque for $10 million to New York City Mayor Rudy Giuliani, despite Saudi opposition. In a written statement after his donation, he said: "At times like this, we must address some of the issues that led to such a criminal attack. I believe the government of the United States of America should re-examine its policies in the Middle East and adopt a more balanced stance toward the Palestinian cause." As a result of that statement, Giuliani returned his cheque. Al-Waleed said to a Saudi weekly magazine about Giuliani's rejection of his check, "The whole issue is that I spoke about their position [on the Middle East conflict] and they didn’t like it because there are Jewish pressures and they are afraid of them."
Giuliani replied to this by suggesting that al-Waleed's comment was actually part of the problem: "There is no moral equivalent for this [terrorist] act. There is no justification for it... And one of the reasons I think this happened is because people were engaged in moral equivalency in not understanding the difference between liberal democracies like the United States, like Israel, and terrorist states and those who condone terrorism. So I think not only are those statements wrong, they're part of the problem."
In 2005, al-Waleed gave Georgetown University $20 million to create the Prince Alwaleed bin Talal Center for Muslim-Christian Understanding (ACMCU) in the university's School of Foreign Service, the second largest donation in the school's history. On 8 May 2008, al-Waleed gave £16 million to Edinburgh University to fund a "centre for the study of Islam in the contemporary world". He has also endowed the Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud Center for American Studies and Research (CASAR). The Institute for Computational Biomedicine at Weill Cornell Medical College is named for al-Waleed. The Centre of Islamic Studies at the University of Cambridge and the Islamic Studies Program at Harvard University are also named after him.
First Saudi female pilot
Al-Waleed is considered a proponent of female emancipation in the Saudi world. He financed the training of Hanadi Zakaria al-Hindi as the first Saudi woman commercial airline pilot, and said at her graduation that he is "in full support of Saudi ladies working in all fields". Al-Hindi became certified to fly within Saudi Arabia in 2014.
Al-Waleed owns the 65th-largest private yacht in the world, the 85.9-metre (282 ft) Kingdom 5KR (originally built as the Nabila for Saudi arms dealer Adnan Khashoggi in 1979). In 1983, owned by Khashoggi, it appeared as the Flying Saucer (the yacht of James Bond's villain, Largo) in Never Say Never Again. It was sold to Donald Trump, who renamed her the Trump Princess. Al-Waleed bought the yacht after Trump experienced financial problems in the late 1980s.
Al-Waleed ordered a yacht known as the New Kingdom 5KR, about 173 metres (568 ft) long with an estimated cost of over $500 million. The yacht is designed by Lindsey Design, and its design was delivered in late 2010. However, there has been no recent news regarding the yacht.
He owns several aircraft converted for private use: a Boeing 747, an Airbus 321 and a Hawker Siddeley 125. Al-Waleed was the first individual to purchase an Airbus A380 and was due to take delivery of it in the spring of 2013, but it was sold before delivery.
Among his assets are a 95-percent stake in Kingdom Holding Company; 91-percent ownership of Rotana Video and Audio Visual Company; 90-percent ownership of the Lebanese Broadcasting Corporation; seven-percent ownership of News Corporation; about six-percent ownership of Citigroup, and a 17-percent ownership of Al Nahar and a 25-percent ownership of Ad-Diyar (two daily newspapers published in Lebanon). Al-Waleed topped the first Saudi Rich List in 2009, with assets of $16.3 billion.
Al-Waleed owns three palaces: two existing and a third under construction. The 250,000-square-foot (23,000 m2) Kingdom Palace, in central Riyadh, is his primary home. According to Time magazine, "Al-Waleed lives in Riyadh, Saudi Arabia in a $130 million sand-colored palace whose 317 rooms are adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TVs. It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. There is also a lagoon-shaped pool and a 45-seat basement cinema". The 500,000-square-foot (46,000 m2) Kingdom Resort, also in central Riyadh, has three lakes interspersed with gardens. The 4,000,000-square-foot (370,000 m2) Kingdom Oasis, under construction, will have a 70,000-square-metre (17-acre) lake and a private zoo.
Al-Waleed received the first order of the Order of King Abdulaziz of Saudi Arabia in 2002 and is a recipient of the Lebanese National Order of the Cedar. On 2 December 2009, he received the Order of Izzudin from Maldives President Mohamed Nasheed; that year he also received the Star of Palestine, the highest honour conferred by the State of Palestine. In 2010, al-Waleed received the Dwight D. Eisenhower Award for Innovation. He received the Bahrain Medal of the First Order, the country's highest honorary medal in late May 2012. He received the Nepalese third-order Mahaujjval Rastradip Manpadvi, the highest award bestowed on a foreigner, and Guinea-Bissau's Colina De Boe Medal in August 2012. In June 2013 al-Waleed was made Grand Commander of the Order of the Republic of Sierra Leone (GCRSL), the country's highest honour. On 13 December 2014, he was made an Honorary Companion of the National Order of Merit of the Republic of Malta.
Saudi Arabian national honours
|Member 1st Class of the Order of Abdulaziz Al Saud|
|Bahrain||Member 1st Class of the Khalifiyyeh Order of Bahrain|
|Benin||Grand Officer of the National Order of Benin|
|Brunei||Member 1st Class of the Family Order of Laila Utama|
|Bulgaria||Member 1st Class of the Order of the Balkan Mountains|
|Burkina Faso||Commander of the National Order of Burkina Faso|
|Burundi||Grand Cross of the National Order of the Republic of Burundi|
|Chad||Grand Officier of the National Order of Chad|
|Comoros||Commander of the Star Anjouan|
|Central African Republic||Grand Cross of the National Order of Merit of Central African Republic|
|Djibouti||Grand Cordon of the National Order of the Star of Djibouti|
|France||Commander of the Legion of Honour|
|Gabon||Grand Cross of the National Order of Merit of Gabon|
|Gambia||Grand Commander of the Order of the Republic of The Gambia|
|Ghana||Companion of the Order of the Volta|
|Guinea||Commander of the National Order of Merit of Guinea|
|Equatorial Guinea||Grand Cross of the Order of Independence|
|Jordan||Grand Cordon of the Order of the Star of Jordan|
|Ivory Coast||Grand Cross of the National Order of the Ivory Coast|
|Kenya||Grand Cordon of the Chief of the Order of the Golden Heart of Kenya|
|Lebanon||Grand Officer of the National Order of the Cedar|
|Liberia||Grand Cordon of the Order of the Star of Africa|
|Madagascar||Grand Cross of the National Order of Madagascar|
|Mauritania||Commander of the National Order of Merit of Mauritania|
|Maldives||Grand Cordon of the Order of the Distinguished Rule of Izzuddin|
|Mali||Grand Officier of the National Order of Mali|
|Malta||Companions of the National Order of Merit (Malta)|
|Monaco||Grand Officier of the Order of Grimaldi|
|Morocco||Grand Cordon of the Order of Ouissam Alaouite|
|Netherlands||Officier of the Order of Orange-Nassau|
|Niger||Grand Cordon of the National Order of Merit of Niger|
|Pakistan||Second Class of Nishan-e-Pakistan|
|Philippines||Grand Officier of Order of Sikatuna|
|Senegal||Grand Officier of the National Order of the Lion|
|Sierra Leone||Grand Gordon of the Order of the Republic (Sierra Leone)|
|South Korea||Sungnye Medal of the Order of Diplomatic Service Merit|
|Sudan||Grand Cordon of the Republic of the Sudan|
|Syria||Member 1st Class of the Order of the Umayyads|
|Taiwan||Grand Cordon of the Order of Brilliant Star|
|Togo||Grand Officier of the Order of Mono|
|Tunisia||Grand Officier of the Order of the Republic|
|Vietnam||Medal of the Friendship Order|
|Uganda||Companion of the Most Excellent Order of the Pearl of Africa|
Al-Waleed has been married four times. His first marriage was in 1976, at the age of 19.:34 His first wife was his cousin, Dalal bint Saud, a daughter of King Saud. They have two children (Prince Khaled, born on 21 April 1978 and Princess Reem, born on 20 June 1982),:37,57 and later divorced, in December 1994.:173
In 1996, Al-Waleed married Princess Iman Sudairi, but the marriage lasted only approximately a year.:174 After divorcing his second wife, Al-Waleed married Kholood Al Anazi, in 1999. They were divorced in 2004.:174,177
His fourth wife was Ameera al-Taweel; after about six years of marriage, they divorced in 2014. In an interview, he said: "Yes, I announce it through Okaz—Saudi Gazette for the first time. I have officially separated from Princess Ameera Al-Taweel, but she remains a person that I have all respect for."
|Ancestors of Al-Waleed bin Talal|
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The prince was released following an undisclosed financial agreement with the government, similar to deals that authorities struck with most other detainees in exchange for their freedom.
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