Kingdom Holding Sees Over 328% Returns from xAI Investment, Maintains US Assets and Expands Locally

Davos | EcoPulse24

Kingdom Holding Company confirmed that its technology investments, led by xAI, have generated a significant surge in returns, as the group continues to review its investment portfolios daily without divesting from US assets despite geopolitical tensions.

CEO Talal Al-Maiman, speaking at the World Economic Forum in Davos, stated that geopolitical factors are considered purely from an investment perspective, emphasizing that opportunities persist in US, European, Chinese, and Saudi markets, with no major concerns about investing in the US.

Al-Maiman explained that during the first nine months of 2025, the company recorded profits of 1.66 billion SAR, representing 40% annual growth, supported by strong portfolio performance and diversified income streams. He added that Kingdom Holding’s $800 million investment in xAI in 2024 has yielded returns exceeding 328%, and the investment remains a core part of the company’s portfolio.

He noted that investments in Saudi Arabia and China have also delivered excellent results, expressing optimism for strong financial performance ahead, with daily reviews of positions and decisions based on careful risk-reward analysis.

Regarding technology investments, Al-Maiman expressed confidence in Elon Musk’s leadership in AI, noting that the rapid growth of xAI’s value reflects a structural shift in the sector. He cited past experiences with Amazon and Tesla - once considered speculative bubbles - as evidence for the long-term potential of such investments.

On the domestic front, Al-Maiman confirmed that Saudi Arabia is a central pillar of Kingdom Holding’s strategy, highlighting the world’s tallest tower project in Jeddah as a key current investment. Construction has reached the 85th floor, progressing at a rate of one floor every five days, with completion expected in 2028.

In other sectors, the company continues to invest in finance, with promising opportunities in real estate and technology, especially within the Saudi market. The group also invests in hospitality through management of Accor and Four Seasons hotels, owning landmark assets like The Savoy (London), George V (Paris), and Four Seasons Riyadh, in addition to a 50% stake in the Red Sea Project.

Al-Maiman discussed flynas, a Kingdom Holding subsidiary, forecasting income growth of 16–18% in 2026, driven by expansion plans to increase aircraft from 68 to 80 and destinations to 80 across more than 40 countries.

EcoPulse24 Analysis:
Kingdom Holding’s statements reflect a clear shift toward active risk management rather than retrenchment, with heightened focus on high-return tech investments alongside sustaining strategic holdings in developed markets. The strong xAI performance highlights AI’s role as a key future value driver, while continued local expansion signals a long-term bet on domestic growth and integrated investments across real estate, infrastructure, and services.