The Clap
The CEO of Kingdom Holding said there are opportunities in the global markets, but it is better to wait until the end of Q2 2023.
What
The best decision for the company now is to hold on to cash, adding that the current global risks include expectations of an economic downturn and job losses.
So What
The company manages an investment portfolio in the range of SAR 49 billion, 40% of which is invested in Saudi Arabia, 19% in the United States, 14% in Britain, and 19% in the rest of the world.
Now What
The company achieved revenues of SAR 1bn in 2021 and the data for 2022 is still under review, but it is expected to achieve good results.
