Saudi prince's investment firm increases Twitter stake

Kingdom Holding and Prince Alwaleed bin Talal together own more than 5% of US company after $50m investment

Saudi billionaire Prince Alwaleed bin Talal and his investment firm now own more than 5% of Twitter, his office has said.

Kingdom Holding has paid $50m (33m) to double its stake in the microblogging site to 0.72%, the Riyadh-based company said in a separate bourse statement on Wednesday.