Special report - Amazon:
The news of the announcement of the acquisition of the American participatory Uber Company on the Emirati Karim Company was the master of the situation during the end of last week, as it not only covered the economic news, but it may have covered On political news and possibly sports as well, not everyone has had anything but talk about this merger, which is the largest globally among startups.
And everyone who handled the news had its interest or the direction from which it was addressed, and we are in the same for us as our destination, and it is especially for the beneficiary companies and especially the share whose shares are traded thousands if not Millions of shareholders, namely, the Kingdom Holding Company, Al Tayyar Travel and Tourism Group, and Saudi Telecom Company, are the three companies that have announced ownership percentages in Karim, and therefore the impact on those companies from that deal.
Talk about the size of the deal and the extent of its impact on the participatory transport market in the Arab world, and how the deal will return Uber to some countries such as Morocco after its departure from years, as well as what The three companies announced it on the Saudi stock market website, but after all this talk we noticed that there are a number of notes that we liked to share with traders, including: p>
1.25 billion riyals for Kingdom Holding Kingdom Holding Company announced that it is expected to achieve investment profits amounting to 485 million riyals, as the share of the Kingdom Holding in the deal amounted to 1.25 billion riyals, while the book value recorded The Kingdom has a share of 765 million riyals, while the company purchased this stake in 2017 at a value of 232.5 million riyals, and here we note:
The value of the Kingdom's investments in Karim increased from 232.5 to 1.25 billion riyals, i.e. more than one billion riyals within nearly two years, and here a question arises if this investment is with this The degree of strength, so why cheer us out of it even though it is a good investment, and this question arises with all the companies that were quick to announce how they benefited from the deal.
1.78 billion pilots
Al Tayyar Travel Holding Group announced that it is expected to achieve a total profit of 1.78 billion riyals from the Uber acquisition of Karim, and the company stated in its statement on Tadawul that According to the terms of the agreement, the group will record at least 1.34 billion riyals during 2019 of the expected total profit and the rest will be added after all the terms of the agreement are met, knowing that the value of the cash portion of it to the convertible bonds of the group will be determined at a later time. The CEO of the company later stated that the pilot increased its stake in Karim after the end of 2018, from 14.7% to 17.7%, and confirmed ...