Kingdom Holding invests over SAR 1 bln in M&G PLC

21/07/2022 Argaam
Logo of Kingdom Holding Co. (KHC)

Logo of Kingdom Holding Co. (KHC)

Kingdom Holding Co. (KHC) invested SAR 1.01 billion (£224.4 million) in M&G PLC, one of the largest insurance and asset management companies in Europe.

 

This investment is aligned with KHC’s strategy that aims at investment in global market leaders, and further diversifies KHC’s exposure to new and promising sectors, the company said in a statement to Tadawul.  

 

Founded in 1848 in the UK, M&G is one of the largest savings and asset management firms in Europe with more than $370 billion in assets under management (AUMs), serving more than five million customers across 28 markets. 

 

KHC is a global investment company with assets of more than SAR 50 billion invested in 18 sectors, the statement added. 

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