Company Insights Kingdom Holding Company Banking and Finance Latest Kingdom Holding Company DevelopmentsAI Insights Kingdom Holding Company's CEO Talal Al Maiman spoke at the World Economic Forum, suggesting Flynas was awaiting approval for its listing on the Riyadh stock exchange and mentioned the company's profitability2. He also stated that the company would consider investing in TikTok if Elon Musk or others wanted to purchase it4. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company acquired the Al Inma Jeddah Economic Fund for $1.8 billion, with the company owning a 40 percent stake in this fund3. Kingdom Holding Company has an interest in Flynas, which will open retail subscription for its initial public offering on May 28 and close on June 1, resulting in the announcement of the final allocation on June 35. At present it holds a 37 percent share in Flynas. Saudi Arabia’s Public Investment Fund holds a 17 percent stake1. Kingdom Holding Company Overview Kingdom Holding Company is a Saudi conglomerate headquartered in Riyadh. It was founded and is chaired by Prince Al-Waleed bin Talal and has a large global presence. Kingdom Holding Company is publicly traded on the Saudi Stock Exchange and is well known for its broad investments in a variety of sectors. Its investment portfolio spans financial services, real estate, tourism, media, entertainment, petrochemicals, aviation and technology. Some of its key tourism investments include Four Seasons Hotels & Resorts, Fairmont Raffles Swissotel and 100 percent ownership of Hotel George V in Paris. In the education and healthcare sectors, it owns Kingdom Schools and Kingdom Hospital-Consulting Clinics. Its media and entertainment holdings in the Mena region include Rotana Group and Lebanese Broadcasting Corporation. Kingdom Holding Company has made strategic investments in a number of global firms, including 21st Century Fox, JD.com, Amazon, Apple, X (Twitter) and Citigroup. It has also invested heavily in enterprises including Samba (Saudi American Bank) and Marvel Comics. KHC’s global influence has expanded in recent years as it has actively invested in Sub-Saharan Africa through its Kingdom Africa Management subsidiary. In May 2024 it helped Elon Musk’s artificial intelligence startup xAI to secure $6 billion in a series B funding round. It is also undertaking ambitious projects such as the Jeddah Tower, which aims to be one of the world’s tallest structures. Kingdom Holding Company News Analysis Markets United Carton’s shares fall on Tadawul first day Shares in United Carton Industries Company fell on their debut in Riyadh on Tuesday, making it the only Saudi company this year to end its first day below its initial public offering price. UCIC closed at SAR49.25, 1.5 percent below the IPO price of SAR50, in the first Saudi listing since President Donald Trump‘s tariffs […] May 28, 2025 Aviation Flynas sets IPO price as retail tranche opens next week The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 […] May 22, 2025 Analysis Markets Saudi IPOs bounce back ‘quicker than expected’ Three initial public offerings launched in the past six weeks stand to raise close to $1.8 billion on the Saudi Exchange – nearly twice as much as the IPOs on the main market in the first quarter. This suggests the lull in Saudi IPOs that followed President Donald Trump’s “Liberation Day” announcement on April 2 […] May 20, 2025 Analysis Aviation Flynas to test appetite for airline IPOs as Gulf rivals look on Low-cost carrier Flynas is preparing to go public on the Saudi Exchange this month in a deal that is being watched not only by investors but also by Gulf rivals considering their own listings, analysts have told AGBI. Among them is Abu Dhabi’s Etihad Airways, whose long-anticipated initial public offering could be shaped by Flynas’ […] May 14, 2025 Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025 Aviation Profitable Flynas to launch IPO this month Low-cost carrier Flynas will launch a share sale on the local stock exchange this month in the latest in a series of initial public offerings (IPOs) by Saudi companies. The subscription will run from May 28 to June 1, 2025, according to the company’s prospectus. The airline, part owned by billionaire Prince Alwaleed Bin Talal, is selling […] May 6, 2025 Banking and Finance Damac chairman Sajwani’s wealth doubles to more than $10bn The fortune of Hussain Sajwani, the chairman of Dubai-based Damac Properties, has doubled in the last year as he takes his place among the world’s wealthiest individuals to become the richest businessman in the Middle East. The 72-year-old real estate magnate is worth $10.2 billion, the annual rich list from Forbes says, significantly higher than […] April 2, 2025 Aviation Low-cost carrier Flynas to offload 30% on Saudi bourse Saudi low-cost carrier Flynas has received the market regulator’s approval to offload nearly a third of its shares on the local stock exchange in the latest of a series of bourse flotations. The airline, partly owned by billionaire Prince Alwaleed Bin Talal, will sell 51.3 million shares or 30 percent of its stock in an initial public […] April 1, 2025 Banking and Finance Kingdom Holding to pay 2024 dividend despite revenue drop Kingdom Holding Company (KHC), the conglomerate owned by Saudi Arabian Prince Alwaleed Bin Talal, will pay an annual dividend despite a fall in revenues for 2024. The dividend payout will reach SAR1 billion ($267 million), or 2.8 percent of its capital, the investment company said in a statement to the Saudi stock exchange on Monday. […] March 17, 2025 Aviation Saudi budget airline Flynas expects IPO approval soon Saudi low-cost carrier Flynas is likely to get approval soon from the market regulator for its planned listing on the Riyadh stock exchange. Talal Al Maiman, CEO of the airline’s part-owner Kingdom Holding, said in an interview with Al Arabiya TV at the World Economic Forum that Flynas planned to list 30 percent of its […] January 23, 2025 Posts navigation 1 2 3 Next
Analysis Markets United Carton’s shares fall on Tadawul first day Shares in United Carton Industries Company fell on their debut in Riyadh on Tuesday, making it the only Saudi company this year to end its first day below its initial public offering price. UCIC closed at SAR49.25, 1.5 percent below the IPO price of SAR50, in the first Saudi listing since President Donald Trump‘s tariffs […] May 28, 2025
Aviation Flynas sets IPO price as retail tranche opens next week The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 […] May 22, 2025
Analysis Markets Saudi IPOs bounce back ‘quicker than expected’ Three initial public offerings launched in the past six weeks stand to raise close to $1.8 billion on the Saudi Exchange – nearly twice as much as the IPOs on the main market in the first quarter. This suggests the lull in Saudi IPOs that followed President Donald Trump’s “Liberation Day” announcement on April 2 […] May 20, 2025
Analysis Aviation Flynas to test appetite for airline IPOs as Gulf rivals look on Low-cost carrier Flynas is preparing to go public on the Saudi Exchange this month in a deal that is being watched not only by investors but also by Gulf rivals considering their own listings, analysts have told AGBI. Among them is Abu Dhabi’s Etihad Airways, whose long-anticipated initial public offering could be shaped by Flynas’ […] May 14, 2025
Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025
Aviation Profitable Flynas to launch IPO this month Low-cost carrier Flynas will launch a share sale on the local stock exchange this month in the latest in a series of initial public offerings (IPOs) by Saudi companies. The subscription will run from May 28 to June 1, 2025, according to the company’s prospectus. The airline, part owned by billionaire Prince Alwaleed Bin Talal, is selling […] May 6, 2025
Banking and Finance Damac chairman Sajwani’s wealth doubles to more than $10bn The fortune of Hussain Sajwani, the chairman of Dubai-based Damac Properties, has doubled in the last year as he takes his place among the world’s wealthiest individuals to become the richest businessman in the Middle East. The 72-year-old real estate magnate is worth $10.2 billion, the annual rich list from Forbes says, significantly higher than […] April 2, 2025
Aviation Low-cost carrier Flynas to offload 30% on Saudi bourse Saudi low-cost carrier Flynas has received the market regulator’s approval to offload nearly a third of its shares on the local stock exchange in the latest of a series of bourse flotations. The airline, partly owned by billionaire Prince Alwaleed Bin Talal, will sell 51.3 million shares or 30 percent of its stock in an initial public […] April 1, 2025
Banking and Finance Kingdom Holding to pay 2024 dividend despite revenue drop Kingdom Holding Company (KHC), the conglomerate owned by Saudi Arabian Prince Alwaleed Bin Talal, will pay an annual dividend despite a fall in revenues for 2024. The dividend payout will reach SAR1 billion ($267 million), or 2.8 percent of its capital, the investment company said in a statement to the Saudi stock exchange on Monday. […] March 17, 2025
Aviation Saudi budget airline Flynas expects IPO approval soon Saudi low-cost carrier Flynas is likely to get approval soon from the market regulator for its planned listing on the Riyadh stock exchange. Talal Al Maiman, CEO of the airline’s part-owner Kingdom Holding, said in an interview with Al Arabiya TV at the World Economic Forum that Flynas planned to list 30 percent of its […] January 23, 2025
