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Prince Alwaleed bin Talal, the best-known investor in Saudi Arabia, is back in the market! He has announced a billion Saudi riyal (approximately $267 million) investment in Deezer, a French music streaming service, on Thursday. This investment was done via Alwaleed bin Talal’s Kingdom Holding Company and Rotana, his entertainment business.

Alwaleed also stated that the deal further represents one of the many premium investments he has always sought for his shareholders. Currently, Kingdom Holding owns shares in JD.com (JD), Citigroup (C), and Twitter (TWTR).

The investment in Deezer will be Alwaleed’s first major international dealing since January when he was released from Riyadh Ritz-Carlton hotel where he was detained for three months by Saudi’s government officials. The prince was arrested along with several other officials and businessmen. Since the lockup, the price came out thinner and grayer. The detention was a part of Saudi’s anti-corruption crackdown that trapped many of Saudi’s elites.

Just a few hours before his release, Alwaleed stated that there were no charges against him. The others who were arrested were freed only after agreeing tocertain settlements with Saudi authorities, which required them to hand over assets and cash worth over billions.

Alwaleed also made additional efforts to show warm rapport and support with Saudi officials since his release. A month after his release, he announced a $500,000 investment in the local soccer clubs. According to KacyGrine, the adviser and investment bank to the prince has said the Prince Alwaleed is interested in investing primarily in technology and media. He also added the prince would be doing the same on the movie and TV side, adding that Amazon and Netflix were potential deal partners.

The last time Alwaleed made an investment was the acquisition of a 16.2% stake from Credit Agricole SA at Banque Saudi Fransi in the month of September. Currently, the prince is ranked 61st richest man in the world.