Kingdom Holding Co., Saudi Prince Al Waleed Bin Talal's investment company, is seeking a loan to help pay for the construction of the world's tallest tower, two people with knowledge of the matter said.
The company initiated talks with Saudi lenders and hasn't hired bankers to advise on the financing, the people, who declined to be identified because the plans aren't public, said.
Kingdom Holding, 95 per cent owned by Prince Al Waleed, is seeking to borrow as much as 2 billion riyals (Dh1.96 billion) by the second half of the year, one of the people said.
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