Saudi's Kingdom Holding boosts stake in EU insurance company M&G

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Kingdom Holding said with this deal, it has upped its stake in M&G from 5.3% to 6.4%

Staff Writer, TradeArabia

May 5, 2023

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Saudi Arabia - Kingdom Holding Company (KHC), a leading investment company chaired by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, said it has increased its ownership in M&G, a leading European insurance and asset management company, with an additional investment of SR228.2 million ($61 million).

Kingdom Holding said with this deal, it has upped its stake in M&G from 5.3% to 6.4%.

The step aligns with the company’s strategy that aims to build meaningful stakes in leading and prominent companies in their respective sectors, it added.

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