Saudi Arabian investment giant Kingdom Holding Company, has expressed interest in investing in ByteDance’s TikTok if billionaire Elon Musk or another buyer acquires the app, CEO Talal Ibrahim al-Maiman revealed in an interview with Al Arabiya TV on Wednesday.
The announcement comes as TikTok continues to navigate its uncertain future in the U.S., following an executive order from President Donald Trump that temporarily delayed enforcement of a ban on the Chinese-owned short-video app by 75 days. Trump recently stated he would be open to Musk purchasing TikTok, adding to speculation about the app’s next steps.
KHC, owned by Saudi Prince Alwaleed Bin Talal, already holds stakes in Musk’s ventures, including the social media platform X and his artificial intelligence startup, xAI. The company also boasts a diverse portfolio spanning petrochemicals, healthcare, real estate, and e-commerce.
Meanwhile, TikTok remains unavailable on U.S. Apple and Google app stores, despite being revived temporarily by Trump’s executive order.
