In an interview with Al Arabiya TV on Wednesday, CEO Talal Ibrahim al-Maiman announced that Saudi Arabian Prince Alwaleed Bin Talal's investment company Kingdom Holding (KHC) would consider investing in ByteDance's TikTok if Elon Musk or other potential buyers showed interest.
Efforts to secure a buyer for TikTok are underway following a temporary shutdown and subsequent revival prompted by U.S. President Donald Trump signing an order to delay enforcement of a ban on the app for 75 days.
Trump mentioned his openness to Elon Musk purchasing TikTok during a statement on Tuesday, noting that the Tesla CEO could be a potential buyer.
In response to Al Arabiya's query about KHC's interest in TikTok should Musk make an offer, Al-Maiman stated, "If Musk or others made an offer, we would definitely be interested in exploring that investment."
Furthermore, KHC already holds investments in Musk's social media platform X and his artificial intelligence startup xAI.