Kingdom Holding Announces Update On Its Investment In Xai
ReutersFeb 16, 2026 5:12 AM
Feb 16 (Reuters) - KINGDOM HOLDING COMPANY 4280.SE:
ANNOUNCES UPDATE ON ITS INVESTMENT IN XAI
EXPECTED FINANCIAL IMPACT ARISING FROM ITS INVESTMENT IN XAI FOLLOWING RECENT MERGER BETWEEN XAI AND SPACEX
AS A RESULT OF THIS TRANSACTION, XAI HAS BEEN REVALUED AT $250 BILLION, WHILE ESTIMATED VALUATION OF MERGED ENTITY IS $1.25 TRILLION
ESTIMATES THAT MARKING INVESTMENT IN XAI’S VALUE TO LEVELS INDICATED BY MERGER WOULD HAVE A POSITIVE IMPACT ON FAIR VALUE RESERVE FOR INVESTMENT AT FVOCI AND AN INCREASE IN CO’S NET ASSETS OF SAR 11.6 BILLION
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