Prince Alwaleed bin Talal is a related party as he is the Chairman and the largest shareholder of Kingdom Holding
Kingdom Holding Co. (KHC) signed an agreement to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million ($68 million). 
In a statement to Tadawul, the company said that the estimated value of the acquired stake is $98 million (SAR 367.5 million), based on BEV’s latest audited financial statements.
The transaction was executed for $68 million at an 30% discount to the estimated value.
The deal was financed through internal resources, KHC added.
BEV focuses on investing in innovative clean-energy and sustainability technologies aimed at enabling a low-carbon economy.
The company, founded by Bill Gates, invests in companies developing breakthrough solutions across agriculture, buildings, electricity, manufacturing, and transportation.
The stake being acquired by KHC was valued at $98 million, $91.4 million and $96.6 million, respectively, based on BEV’s audited financial statements as of Dec. 31, 2024, 2023 and 2022.
The transaction aligns with KHC’s investment philosophy of providing shareholders with access to unique investment opportunities not widely available in the market, while acting as an early investor in innovative and transformative technologies.
Prince Alwaleed is a related party as he is the Chairman and the largest shareholder of KHC, the statement said.
Prince Alwaleed bin Talal is a related party as he is the Chairman and the largest shareholder of Kingdom Holding
Kingdom Holding Co. (KHC) signed an agreement to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million ($68 million).
In a statement to Tadawul, the company said that the estimated value of the acquired stake is $98 million (SAR 367.5 million), based on BEV’s latest audited financial statements.
The transaction was executed for $68 million at an 30% discount to the estimated value.
The deal was financed through internal resources, KHC added.
BEV focuses on investing in innovative clean-energy and sustainability technologies aimed at enabling a low-carbon economy.
The company, founded by Bill Gates, invests in companies developing breakthrough solutions across agriculture, buildings, electricity, manufacturing, and transportation.
The stake being acquired by KHC was valued at $98 million, $91.4 million and $96.6 million, respectively, based on BEV’s audited financial statements as of Dec. 31, 2024, 2023 and 2022.
The transaction aligns with KHC’s investment philosophy of providing shareholders with access to unique investment opportunities not widely available in the market, while acting as an early investor in innovative and transformative technologies.
Prince Alwaleed is a related party as he is the Chairman and the largest shareholder of KHC, the statement said.
