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BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Saudi Arabia’s Kingdom Holding to invest $3.4bn in next 3 years

Kingdom Holding is owned by Prince Alwaleed Bin Talal.
  • The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022
  • It invested in diverse sectors with a proven track-record of growth and strong financial position

Kingdom Holding Co.is investing SR12.8 billion ($3.4 billion) for the next three years, according to a company’s bourse filing.

The company  completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022,  investing in companies operating in diverse sectors with a proven track-record of growth and strong financial position.

The company’s  investments amounted to SR4.33 billion in 2020, SR3.75 billion in 2021 and SR4.73 billion in 2022.