On February 16, 2026, Kingdom Holding Company announced the expected financial impact from its investment in xAI following the recent merger between xAI and SpaceX. As a result of this transaction, xAI has been revalued at USD 250 billion, while the estimated valuation of the merged entity reaches USD 1.25 trillion. The company estimates that marking its xAI investment to these new valuation levels would result in a positive impact of SAR 11.6 billion increase in net assets compared to the carrying value in its most recent interim financial statements.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.