Qatar fund contributes $375m to Elon Musk's Twitter buyout
Qatar Holding LLC, the main investment subsidiary of the Qatar Investment Authority (QIA), is one of almost 20 companies that have pledged a total of $7.1 billion for the buyout, according to the United States Securities and Exchange Commission.
Saudi Arabia's Prince Alwaleed bin Talal, chairman of the board at the Kingdom Holding Company (KHC), said KHC would be rolling over its approximately $1.9 billion investment in Twitter - despite his criticism of Musk's takeover a few weeks ago.
Rights groups decried the takeover, expressing fears that the platform would relax enforcement policies against harmful content.
As Qatar tries to diversify its investments, the QIA - one of the world's largest sovereign wealth funds - is shifting away from investments in trophy assets like property and investing more in technology companies, Bloomberg reported in March.