Kingdom Holding Company announces a new investment in Phoenix Group

Kingdom Holding Company (KHC) announces an investment of 1,063,291,098 Saudi riyals (£ 232,978,614) in the Phoenix Group, one of the largest insurance, savings and retirement companies in the United Kingdom.

The investment of Kingdom Holding Company in Phoenix Group was part of the investment program that was announced on June 23, 2022, and the stake was recently increased to 3.79%. This investment is a continuation of KHC’s strategy to invest in blue-chip companies that are considered market leaders in their field.

About the Phoenix Group:

Founded in 1782, Phoenix is ​​the largest savings and pension company and one of the largest insurance companies in the United Kingdom. The Phoenix Group serves more than 13 million customers, with over £310 billion and over 240 years of experience in the UK and Europe.

About Kingdom Holding:

Kingdom Holding Company is a global investment company with assets of more than 50 billion Saudi riyals invested across 18 sectors.