Industry Newsmergervaluationxaikingdom holding
Kingdom Holding Revalues xAI At $250 Billion
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Kingdom Holding Co. (KHC) said xAI has been revalued at $250 billion following the announced merger between xAI and SpaceX, and estimated the merged entity's valuation at $1.25 trillion. KHC expects the revaluation to raise its net asset value by SAR 11.6 billion and record the gain in the fair value reserve within other comprehensive income. The statement appeared on Tadawul.
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