25 May 2014
Further to the companys announcement on Feb 16th, 2013 related to its acquisition of a stake in JD.com (previously 360 Buy) amounted to $125 million (SR 469 million), Kingdom Holding Company announces the increase of the investment value by 130% at closing on the first day of trading on Nasdac on Thursday, May 22nd, 2014. This success follows KHCs successful investment in Twitter and it further demonstrates KHCs sound investment strategy.
Further to the companys announcement on Feb 16th, 2013 related to its acquisition of a stake in JD.com (previously 360 Buy) amounted to $125 million (SR 469 million), Kingdom Holding Company announces the increase of the investment value by 130% at closing on the first day of trading on Nasdac on Thursday, May 22nd, 2014. This success follows KHCs successful investment in Twitter and it further demonstrates KHCs sound investment strategy.
© Tadawul 2014