His Royal Highness Prince Khaled bin Alwaleed Al Saud, owner of Saudi Arabian investment company KBW Holding, has purchased Italian tower crane manufacturer Raimondi Cranes for an undisclosed fee. The new owner and Chairman visited the Raimondi Cranes premises to discuss major expansion plans with the staff.
Khaled bin Alwaleed Al Saud greeted each and everyone personally, thanking them for the graceful reception and for the enthusiastic reaction to the new plans & challenges.
– Ragnar A. Brigg, Marketing Director
Besides the obvious importance and formality of such visit, it was an excellent opportunity for all in Raimondi to be personally acquainted with their Chairman and to hear directly from him many comments related to his impressions and personal thoughts relative to why his new acquisition and position was particularly especial to him. The meeting allowed for active participation, all of which made the occasion not only memorable but useful for all.
Click here for the press release


My English is small please, but have you researched to see if this deal was actually consummated? I understand from sources that HRH Prinz Khaled has not paid any money for this deal, and this is just another swindle by the Prinz. Here is an interesting press release regarding the Prinz: http://www.thieves-rogues-bandits.com