Kingdom Holding's stake drops 4%
The stock of Saudi Arabian Holdings Company declined by over 4% in today's trading despite its announcement of an extraordinary cash dividend of 1.001 billion riyals for the first half of 2026, at a rate of 0.27 riyals per share. The current declines raise concerns about the performance of its investment in SpaceX, which recorded losses and a 16.43% drop on the NASDAQ, despite the value of its investment in the company increasing to 25.6 billion riyals after its listing on the U.S. stock exchange.
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