BUZZ-Kingdom Holding jumps on SpaceX stake disclosure, with fair value at $6.83 bln

KINGDOM

KINGDOM

4280.SA

0.00

June 14 (Reuters) - ** Saudi investment firm Kingdom Holding Company 4280.SE surges as much as 5.8% to 15.26 riyals before paring gains to be up 2.8%

** Company says it holds 42.4 mln shares of SpaceX SPCX.O Class A common stock, carried at $4.47 bln (16.76 bln riyals) as of its March 31 financial statements

** Company adds that based on SpaceX's Friday closing price of $160.95 per share, the stake's fair value is about $6.83 bln (25.60 bln riyals)

** As of last close, stock up over 80% YTD

** Saudi Arabia's benchmark index .TASI up 0.7%


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