Kingdom Holding Company (KHC), a leading investment company chaired by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, said it has increased its ownership in M&G, a leading European insurance and asset management company, with an additional investment of SR228.2 million ($61 million). 

 

Kingdom Holding said with this deal, it has upped its stake in M&G from 5.3% to 6.4%. 

 

The step aligns with the company’s strategy that aims to build meaningful stakes in leading and prominent companies in their respective sectors, it added.-TradeArabia News Service