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Prince Alwaleed bin Talal, Chairman of Kingdom Holding Co. (KHC), announced that the fair value of the company's assets has grown to SAR 100 billion. According to an update posted on his X account, the company's net asset value (NAV) reached SAR 24.17 per share, with an estimated intrinsic value exceeding SAR 36 per share. This represents an upside potential of roughly 50% over the reported NAV per share, highlighting significant underlying strength in the conglomerate's portfolio.
This updated figure builds on previous comments made in May, where Prince Alwaleed pointed out that KHC shares were trading at a substantial discount compared to their actual worth. At the time, the NAV was SAR 21.05 per share while market prices hovered below SAR 14, reflecting a discount of over 35%. The investment company also maintains strategically key global exposures, including a combined 0.63% stake in SpaceX alongside the Prince's private office.
The disclosure underscores Kingdom Holding's ongoing portfolio expansion and asset repricing within the Saudi equities market. Investors and analysts will closely observe how Tadawul market participants digest these asset valuations relative to the stock's prevailing market price. Continued transparency around intrinsic valuations could serve as a potential catalyst for long-term re-rating.
