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    4280   SA31RG522S19

KINGDOM HOLDING COMPANY

(4280)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  2022-10-04
8.790 SAR   +0.11%
08/31Kingdom Holding Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
CI
08/15Saudi prince made $500 mln Russia bet at start of Ukraine war
RE
08/14Saudi Arabia's Kingdom Holding Invests In Russian Groups Gazprom, Lukoil, Rosneft
MT
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Saudi Arabia's Kingdom Holding invests in Russian energy companies

08/14/2022 | 11:26am EDT
The logo of Lukoil is on display at a petrol station in Saint Petersburg

(Reuters) - Saudi Arabia's Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil between Feb. 22 and March 22, it said on Twitter on Sunday.

Many Western nations have imposed sanctions on Russian energy firms and their executives following Russia's invasion of Ukraine on Feb. 24.

The Kingdom Holding investments fall within the company's 12.8 billion riyal ($3.4 billion) three-year investment programme, the company added.

Kingdom Holding said it invested 1.37 billion riyals in Gazprom and 196 million riyals in Rosneft on Feb. 22, and 410 million riyals in Lukoil from Feb. 22 to March 22.

Kingdom Holding is mostly owned by Saudi Prince Alwaleed Bin Talal, but Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), took a 16.87% stake in the company in May.

Saudi Arabia and Russia lead the OPEC+ group, an alliance formed in 2017 between the Organization of the Petroleum Exporting Countries(OPEC)and allied producers.

($1 = 3.7540 riyals)

(Reporting by Nayera Abdallah; Editing by David Goodman and Hugh Lawson)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
KINGDOM HOLDING COMPANY 0.11% 8.79 End-of-day quote.-12.97%
LONDON BRENT OIL -0.18% 93.53 Delayed Quote.13.79%
LUKOIL -1.14% 3911 End-of-day quote.-40.47%
ROSNEFT OIL COMPANY -3.77% 351.2 End-of-day quote.-41.46%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.67% 60 Delayed Quote.-22.58%
All news about KINGDOM HOLDING COMPANY
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08/14Saudi Arabia's Kingdom Holding invests in Russian energy companies
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More news
Financials
Sales 2022 2 602 M 692 M 692 M
Net income 2022 6 838 M 1 818 M 1 818 M
Net Debt 2022 7 616 M 2 025 M 2 025 M
P/E ratio 2022 4,75x
Yield 2022 5,69%
Capitalization 32 575 M 8 662 M 8 662 M
EV / Sales 2022 15,4x
EV / Sales 2023 13,3x
Nbr of Employees -
Free-Float 5,00%
Chart KINGDOM HOLDING COMPANY
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Technical analysis trends KINGDOM HOLDING COMPANY
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 1
Last Close Price 8,79 SAR
Average target price 8,62 SAR
Spread / Average Target -1,93%
EPS Revisions
Managers and Directors
Talal bin Ibrahim Al-Maiman Chief Executive Officer & Executive Director
Adel Abdulaziz Alabdulsalam Chief Financial Officer & Executive Director
Alwaleed bin Talal Al-Saud Chairman
Tamim Bassam Jabr Executive Director-International Investments
Hisham Sulaiman Abdul Aziz Al Habib Independent Director
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