KHC acquires stake in BEV from Prince Alwaleed for SAR 255M
Kingdom Holding Co. (KHC) has agreed to acquire a stake in Breakthrough Energy Ventures (BEV) from Prince Alwaleed bin Talal for SAR 255 million (approximately $68 million). The purchase price reflects a 30% discount to the stake’s latest estimated value of $98 million (SAR 367.5 million), based on BEV’s most recent audited financial statements.
Deal overview
The transaction was funded through KHC’s internal resources. By securing the stake at a discounted valuation, KHC strengthens its exposure to the global clean-energy transition while maintaining disciplined capital deployment.
About Breakthrough Energy Ventures
BEV is an investment platform focused on innovative clean-energy and sustainability technologies that support a low‑carbon economy. Founded by Bill Gates, BEV backs companies developing breakthrough solutions across key sectors, including:
- Agriculture
- Buildings
- Electricity
- Manufacturing
- Transportation
Valuation snapshot
The stake being acquired by KHC was valued, according to BEV’s audited financial statements, at:
- $98 million as of December 31, 2024
- $91.4 million as of December 31, 2023
- $96.6 million as of December 31, 2022
Based on these figures, KHC executed the transaction at $68 million (SAR 255 million), representing a 30% discount to the most recent valuation of $98 million (SAR 367.5 million).
Strategic rationale
The acquisition aligns with KHC’s stated strategy of giving shareholders access to distinctive investment opportunities that are not widely available in the market. It also reinforces KHC’s role as an early investor in innovative and transformative technologies, particularly those enabling a more sustainable and efficient global economy.
Related-party disclosure
Prince Alwaleed bin Talal, from whom the stake is being acquired, is a related party as he serves as KHC’s Chairman and is its largest shareholder.
