Saudi Kingdom Holding invests $268m in UK fund manager M&G  

RIYADH: Saudi Kingdom Holding Co. has invested SR1.01 billion ($268 million) in UK-based M&G plc., one of the leading insurance and asset management firms in Europe with over $370 billion in assets.

“This investment is aligned with KHC’s investment strategy of investing in global market leaders and further diversifies KHC’s exposure in new and promising sectors,” the company said in a filing to the Saudi Exchange.