Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday.
He added that the yield on the bonds was “a bit lower” than what Kingdom would expect.
Saudi Aramco raised $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant.
Maiman, who was speaking at a conference in Abu Dhabi, said Kingdom has signed term sheets for a $1 billion loan with three international and two local banks.
He also said the company is exiting some mature assets, while also wants to monetize its real estate portfolio.