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Prince Alwaleed lines up $6bn float

Prince Alwaleed bin Talal is reportedly preparing a $6bn (€5bn) flotation of his Kingdom Holding Company in the second-biggest initial public offering this year after demand for shares in his hotel business soared.

The Saudi businessman, the world's fifth-richest man, plans to float 30% of his Kingdom Holding Company, Bloomberg reports, citing a person familiar with the talks.

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