Kingdom Holding acquires key stake in Breakthrough Energy Ventures

06/04/2026 05:17 AST

Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV), a key investor in innovative clean-energy and sustainability technologies, from Prince Alwaleed bin Talal bin Abdulaziz AlSaud, the Chairman of Kingdom Holding Company and the largest shareholder, for SAR255 million ($68 million).

The transaction aligns with KHC's investment philosophy of providing shareholders access to unique investment opportunities not broadly accessible to the market, while acting as an early investor in innovative and transformative technologies, said Kingdom Holding Company in its filing to Saudi bourse Tadawul.

Headquartered in Washington, BEV is a company that focuses on investing in innovative clean-energy and sustainability technologies aimed at enabling a low-carbon economy.

A company founded by Bill Gates, BEV has emerged as a major investor in companies that develop breakthrough solutions across agriculture, buildings, electricity, manufacturing, and transportation.

The estimated value of the acquired stake amounts to $98 million based on BEV's latest audited financial statements. However, the transaction was executed for a total consideration of $68 million, reflecting an agreed purchase price at a 30% discount to the estimated value.


Trade Arabia

News

Kingdom Holding's SpaceX stake jumps nearly 53% to $6.8bn after IPO

15/06/2026

Saudi Arabia's Kingdom Holding Co. said the value of its stake in SpaceX has risen to about $6.83 billion following the aerospace and technology company's debut on the Nasdaq stock exchange.

Arab News

Kingdom Holding's Share Jumps 10% After Revealing Billions Stake in SpaceX

02/06/2026

Shares of Saudi Arabia's Kingdom Holding on Sunday surged by 10% to 13.58 Saudi riyals, hitting their highest closing price in a decade.

The trading volume was driven by the company's disclo

Asharq Al Awsat

Kingdom Holding buys BEV stake from Prince Al-Waleed for $68m

03/04/2026

Saudi investment firm Kingdom Holding Co. bought a stake in Breakthrough Energy Ventures from its chairman, Prince Al-Waleed bin Talal, for SR255 million ($67.9 million), at a discount to its latest

Arab News

Most Viewed Companies

Ticker Price Volume

Valuation

KINGDOM Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
TADAWULGROUP 121.30 2.30 (1.93%)
GFH.KW 170.00 -1.00 (-0.59%)
NIND 237.00 0.00 (0.00%)
BOURSA 2,841.00 -5.00 (-0.18%)
DERAYAH 20.38 0.10 (0.49%)

Recent News

Sarco unit lands construction contract for school projects in Riyadh

21/08/2026

Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a SAR100 million ($26.7 million) contract from a multinational education company for the con

Trade Arabia

Saudi Awwal Bank partners with noon to launch a dedicated e-commerce Visa Credit Card

21/08/2026

Saudi Awwal Bank, one of the leading banks in the Kingdom of Saudi Arabia, has partnered with noon, one of the region's leading e-commerce platforms, to launch a first-of-its-kind co-branded Visa cre

Saudi Gazette

United Foods Company reports strong Q2, net profit jumps

21/08/2026

United Foods Company (UFC), a leading UAE-based food manufacturing and distribution company, reported a strong performance for the second quarter of 2026, reflecting continued growth in business acti

Trade Arabia

Saudi Air Connectivity Program, Saudia boost seat capacity to US, China

21/08/2026

Saudi Air Connectivity Program (ACP), in collaboration with Saudia, has announced an increase in seat capacity across several international routes in 2026.

This step reflects ongoing effort

Trade Arabia

Cenomi Centers seals leasing deal with Saudi PIF unit for Madinah Downtown mall

20/08/2026

Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has signed a promise-to-lease agreement with Saudi Downtown Company, a Public Investment Fund (PIF) comp

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap