Kingdom Holding Co. Announcing an additional investment of 228.2 million Saudi riyals (£48.6) in M&G PLC one of the largest insurance and asset management companies in Europe.
| Element List | Explanation |
|---|---|
| Announcement Detail | Kingdom Holding Company (KHC) announces an additional investment in M&G PLC, one of the largest insurance and asset management companies in Europe, amounting to SAR 228.2 million (£48.6 million) increasing its ownership to 6.4% from 5.3%.
This step aligns with Kingdom Holding Company’s strategy that aims to build meaningful stakes in prominent companies that are considered market leaders in their field; in line with the company’s objectives to diversify its investments into new and promising sectors. |
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