KHC makes $268m investment in top EU insurance group
RIYADH, Saudi Arabia, July 24, 2022
Kingdom Holding Company (KHC), a leading Saudi business conglomerate with interests in key sectors including hotel management, real estate, healthcare and private equity, said it has invested SR1.008 billion ($268.62 million) in M&G, a major insurance and asset management company in Europe.
Established in 1848 in the UK, M&G is one of the largest savings and asset management companies in Europe with more than $370 billion in assets under management (AuM) serving more than 5 million customers across 28 markets.
KHC has global investments spanning over 18 sectors (including equity investment, real estate, hotel management and operation, healthcare, private equity and commercial services) across the six continents with assets exceeding SR50 billion ($13.3 billion).
This investment is aligned with KHC’s investment strategy of investing in global market leaders and further diversifies KHC’s exposure in new and promising sectors. – TradeArabia News Service
