Kingdom Holding Acquires $68M Stake in Breakthrough Energy Ventures
Saudi Arabia’s Kingdom Holding buys a Breakthrough Energy Ventures stake at a 30% discount.
Riyadh-based Kingdom Holding Company has acquired a stake in US-based Breakthrough Energy Ventures at a 30% discount to its latest valuation, purchasing the interest from Prince Alwaleed bin Talal for SR 255 million ($68 million).
The stake was previously valued at around $98 million based on the fund’s most recent audited financial statements. The transaction, completed on April 1st, was financed through internal resources and classified as a related party deal.
Breakthrough Energy Ventures, founded by Bill Gates, is a US-based investment platform focused on long-term funding of companies working across agriculture, energy systems, manufacturing, transportation and infrastructure, with an emphasis on building a low-carbon economy.
The valuation of the stake has remained relatively stable in recent years, recorded at $96.6 million in 2022, $91.4 million in 2023 and $98 million in the latest reporting period, placing Kingdom Holding’s entry below each of these benchmarks.
Kingdom Holding reported net profits of SR 2.14 billion in 2025 and recommended dividends exceeding SR 1 billion.
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