Investing.com -- Shares of Kingdom Holding Company (TADAWUL:4280) fell 5.7% to 14.50 riyals on Thursday, reducing earlier losses after the stock dropped as much as 10% in early trading.
The stock was on track for its worst single-day performance since March 9, 2025, when it closed down 9.9%. Kingdom Holding was the top loser on the Tadawul All Share Index on Thursday.
The reason for the share price decline could not be immediately determined.
The investment firm on Thursday disclosed an update on its investment exposure to Elon Musk’s aerospace company, SpaceX. Kingdom Holding held a 0.34% stake in SpaceX, with a carrying value of 16.76 billion riyals ($4.46 billion), as of March 31, 2026.
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