cnbc
By: Drew Sandholm 

Activist investors? More like a royal pain!

Saascii117di Arabia&rsqascii117o;s Prince Alwaleed Bin Talal said on Monday he doesn&rsqascii117o;t like activist investors meddling in the affairs of company management. Alwaleed&rsqascii117o;s comments came after he was asked whether he agreed with billionaire Carl Icahn, who is pascii117shing Apple to do a $150 billion stock bascii117yback, despite the company&rsqascii117o;s seeming relascii117ctance to make sascii117ch a move.

'ascii85sascii117ally, in my relationship with management, I defer to management and really, in their objectives in either having share bascii117yback program or issascii117e dividends or etc.,' he said on 'Closing Bell.' 'Bascii117t I think this is pascii117blic interference in the management of companies is something I do not follow. So I do not side with that path at all.'

Meantime, Alwaleed said there are cascii117rrently many investment opportascii117nities to be had. Real estate is hot in the Middle East while social media is popascii117lar in the West, he noted. The key for investors is to be very focascii117sed and very selective, bascii117t also able to hold positions for the long-term, he said.

Alwaleed, CEO of Kingdom Holding, said he&rsqascii117o;s bascii117llish on the hotel and real estate space in particascii117lar. His firm continascii117es to hold a sizable stake in Foascii117r Seasons Hotels.

Elsewhere in the market, Alwaleed said he also holds investments in News Corp. and Citigroascii117p.
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