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DUBAI (Reuters) – The Saudi prince's son and businessman Alwaleed bin Talal, Prince Abdul Aziz bin Turki al-Faisal, has been named sports minister, according to a statement from the Saudi Olympic Committee.
The committee confirmed in its statement that its president had appointed Prince Khalid Bin Al-Waleed Bin Talal as the President of the Union of Community Sports.
Prince Khaled is known for his investment activities, just like his father, one of the world's most important businessmen and founder of KBW Investments.
Prince Khalid was born in Stanford, California, and is 40 years old, according to some Saudi media.
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