Founded by Saudi billionaire Prince Alwaleed Bin Talal Alsaud, Kingdom Holding Company has a diverse investment portfolio spanning 18 sectors, with total assets of $17 billion as of September 2025. It holds investments in xAI, Four Seasons, flynas, Citigroup, and BSF, among others. Following flynas’ IPO in June 2025, KHC’s stake was diluted by 9.7%, generating a gain of $59.5 million, while retaining a 27.4% stake. As of February 2026, the combined investments of Prince Alwaleed and KHC across Elon Musk’s X, xAI, SpaceX, and Starlink reached $9.2 billion, following the recent merger between xAI and SpaceX. Net profit climbed by 37.5% in the first nine months of 2025 to $426 million.