BRIEF-Kingdom Holding Announces Update On Its Investment In SpaceX
KINGDOM 4280.SA | 0.00 |
June 4 (Reuters) - KINGDOM HOLDING COMPANY 4280.SE:
KINGDOM HOLDING - UPDATE ON ITS INVESTMENT IN SPACEX
KHC CURRENTLY HOLDS 0.34 % STAKE IN SPACEX, WITH A CARRYING VALUE OF SAR 16.76 BILLION (USD 4.47 BILLION) IN CO'S FINANCIAL STATEMENTS AS AT 31 MARCH 2026
KHC SETS OUT ESTIMATED ILLUSTRATIVE IMPACT ON FAIR VALUE OF ITS SPACEX INVESTMENT AT TWO DIFFERENT VALUATION LEVELS AND ACTUAL IMPACT WILL BE DETERMINED ONCE FINAL IPO PRICE IS CONFIRMED
AT A SPACEX TOTAL VALUATION OF USD 1.25 TRILLION (WHICH REPRESENTS CURRENT BOOK VALUE BASIS AS AT 31 MARCH 2026), KHC'S CURRENT STAKE IN SPACE X IS SAR 16.76 BILLION (USD 4.47 BILLION)
SHOULD THE VALUATION REACH USD 1.75 TRILLION, KHC'S ESTIMATED STAKE IN SPACE X WOULD INCREASE TO APPROXIMATELY SAR 21.26 BILLION (USD 5.67 BILLION), REPRESENTING AN ADDITIONAL INCREASE OF SAR 4.5 BILLION (USD 1.2 BILLION) OVER CURRENT BOOK VALUE
KHC IS NOT IN A POSITION TO CONFIRM ANY SPECIFIC VALUATION AT THIS STAGE
ALL ABOVE FIGURES ARE INDICATIVE AND SUBJECT TO CHANGE PENDING CONFIRMATION OF THE FINAL SPACEX IPO SHARE PRICE
Source text: ID:nSSE6y1YFX
Further company coverage: 4280.SE
