Saudi Public Investment Fund purchases 16.87% of Kingdom Holding Company

The Saudi Public Investment Fund (PIF) purchased 625 million shares in Kingdom Holding Company (KHC) representing 16.87% of KHC with a total value of 5,681,250,000 Riyals.

The deal that was finalized between the founder and main shareholder of KHC, His Royal Highness Prince Alwaleed bin Talal, and the Saudi Public Investment Fund (PIF).

The CEO of Kingdom Holding Company (KHC), Eng. Talal Al-Maiman, commented on deal stating that this deal reflects the strength and prominence of KHC being a pioneer with its local, regional and global investments, he also highlighted that the deal is in line with the strategy of the Saudi PIF to invest in renowned companies in the world.

Eng. Talal Al-Maiman said that the ownership of HRH Prince Alwaleed bin Talal and PIF of KHC is a voice of confidence that we are proud of, stressing that KHC will continue its success journey and maximize value for its shareholders.

He added that the remaining 78.13% ownership of His Royal Highness Prince Alwaleed bin Talal will be a part of the committed long-term holdings and a continuation of HRH’s confidence in KHC, which he founded 42 years ago.

Kingdom Holding Company is one of the most successful and outstanding investment holding companies in the world, with investments that span over eighteen (18) sectors, across the six continents with assets exceeding 50 billion Saudi riyals (13.3 Billion USD).