Kingdom Holding, a private equity firm, agreed to invest $269m in M&G, a global investment manager headquartered in the City of London. Founded in 1848 in the United Kingdom, M&G is one of the largest savings and asset management companies in Europe with more than $370bn in asset management and serving more than 5m clients in 28 global markets. The investment in M&G is aligned with Kingdom's strategy of investing in global leaders and diversifying exposure in new and promising sectors, the company said in a statement on Riyadh's Tadawul stock exchange.