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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Saudi PIF Acquires 16.8% of Kingdom Holding Company

PIF Kingdom Saudi Public Investment Fund KHC Video Game

The Saudi Public Investment Fund continues to seize successful opportunities. (Asharq Al-Awsat)

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion). The remaining 78.13% will be under the ownership of Prince Alwaleed bin Talal.

The deal with KHC was made through a private sale and purchase transaction at SR9.09 each.

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