Kingdom Holding to pay $266m in interim dividend

Saudi Arabia’s Kingdom Holding Company (KHC), majority owned by Prince Alwaleed bin Talal, said it will pay an interim cash dividend of SAR1 billion ($266.40 million) for the first half of 2026.

The interim dividend will be in addition to the annual cash dividend of SAR1.3 billion or SAR0.28 per share for 2025, which shareholders approved on May 11, the company said in a statement to the Saudi bourse.

This month, KHC said the fair value of its 42.4 million shares in SpaceX reached nearly $6.8 billion following the US listing of Elon Musk’s company.

SpaceX’s IPO raised $75 billion from the sale of 555.56 million shares at $135 per share, valuing the space, satellite and AI provider at $1.77 trillion. The stock is trading at $185, down nearly 4 percent on Friday.

• SpaceX’s next moonshot? A merger with Tesla
• Record SpaceX IPO delivers billions for Gulf investors
• Kingdom Holding and Prince Alwaleed set for SpaceX windfall

In May, KHC said net profit dropped 38 percent to SAR269 million ($72 million) in the first quarter of 2026, compared to SAR432 million a year ago.

Revenue fell 23 percent year on year to SAR573 million, largely due to a decline in dividend income despite higher hotel operating income.

Prince Alwaleed, the founder and CEO of KHC, owns more than 78 percent of the company, while PIF holds nearly 17 percent, according to data available on the Saudi bourse.

KHC shares were up 0.3 percent at SAR12.67 on the Saudi stock exchange at Monday’s close. The shares are up more than 58 percent year to date.