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SpaceX listing boosts value to 25.6B riyals
Al Malkaia Holding Company announced that the value of its investment in SpaceX rose to 25.6 billion SAR after the company's shares were listed on NASDAQ and began trading on June 12, 2026, at a price of $135 per share, closing the session at $160.95. The company owns 42.41 million Class A shares, which had a book value of 16.76 billion SAR at the end of the first quarter. Meanwhile, its fair value increased to approximately 25.60 billion SAR. Its investments in SpaceX are part of its technology portfolio, with expectations of reclassifying them from Level 3 to Level 1 according to market value, following the transition of the stock into a publicly traded financial instrument.
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