Kingdom Holding boasts unparalleled investments; stock seen exceptional globally: Chairman

Logo of Kingdom Holding Co.

Kingdom Holding Co. (KHC) boasts an array of unparalleled investments, making its stock exceptional and profoundly distinctive worldwide, Chairman Prince Al Waleed bin Talal said.

KHC owns the world’s first hotel company, Four Seasons Holdings, alongside strategic partner Bill Gates. The luxury hotel chain’s market value exceeds $15 billion (SAR 58 billion), the chairman said on his official X account.

This is besides Paris-based Four Seasons Hotel George V, which is ranked the best in the world with a 10% stake owned by KHC. Its market value surpasses $2 billion (SAR 7.5 billion), he further stated.

He also highlighted KHC's investment in National Air Services (NAS), which is set for an IPO on the Saudi stock market at a minimum value of $2 billion, or SAR 7.5 billion. NAS recently announced a landmark aviation deal worth SAR 110 billion.

Additionally, he pointed to KHC's ownership in X, alongside strategic partner Elon Musk, being the strongest social media company with investments exceeding $2 billion (over SAR 8 billion). KHC is the second-largest investor in X.

Further, KHC was invited twice to invest in xAI Corp., in an uncommon attempt by the US-based artificial intelligence (AI)-focused firm that already boasts whopping investments, according to the chairman.

He also referenced the Jeddah Economic City project, which aligns with the Saudi Vision 2030.