Saudi Prince Alwaleed,Qatar Holding Mull Investments

Kingdom Holding Co. (4280.SA), owned and run by Saudi Arabia's billionaire Prince Alwaleed Bin Talal, said Saturday it has discussed future potential business collaboration with Qatar Holding, the prime vehicle for strategic and direct investments by Gulf state.

Prince Alwaleed held a meeting in Riyadh with Ahmad Al-Sayed, the chief executive of the investment arm of the Qatar Investment Authority, the Gulf state's sovereign wealth fund, the Saudi firm said in an emailed statement.

In April, Qatari Diar, the property investment arm of the QIA, paid 3.2 billion Saudi riyals ($847 million) for a 40% stake in Fairmont Raffles Holdings International, a subsidiary of Kingdom Holding.

Prince Alwaleed, who owns 95% of Kingdom Holding, has focused his investments on banks, hotels and media firms, building sizable stakes in companies like Citigroup Inc. (C), News Corp. (NWSA), Apple Inc. (AAPL), and Time Warner Inc. (TWX).