On August 6, 2026, Saudi Automotive Services Company (SASCO) announced the receipt of a fair value notice from an investment fund regarding its investment in xAI as of June 30, 2026. The updated valuation places the investment at USD 56.9 million before deducting the lack of marketability discount, compared to the USD 36 million (USD 28.8 million after discount) recognized in SASCO's second quarter 2026 financial statements. This results in a valuation gain of USD 20.9 million before discount (USD 16.7 million after discount), equivalent to SAR 62.6 million. The updated fair value will be reflected in SASCO's third quarter 2026 financial statements upon receipt of the revised valuation from the fund.

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.