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Al-Mamlaka values NASDAQ SpaceX listing at 25.6B riyals
The Kingdom Holding Company announced that the value of its investment in SpaceX has risen to 25.6 billion riyals, following the company's listing on the NASDAQ stock exchange and the commencement of trading on June 12, 2026, at a price of $135 per share. On its first day, the stock closed at $160.95. The company owns 42.41 million Class A shares, which had a book value of 16.76 billion riyals at the end of the first quarter. Meanwhile, the fair value increased to nearly 25.60 billion riyals, based on the closing price at the start of trading. The company's investment has been held since 2011 and is classified under financial assets at fair value, with expectations that the stock’s classification will shift to the active market category.
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