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Kingdom Holding’s 2011 net income up to USD170.49m

22 Jan 2012

(MENAFN) Saudi Kingdom Holding Company (KHC) said that in 2011, the firm’s consolidated net income rose 5.7 percent from a year earlier to USD170.49 million, reported Arab News.

The company added that it is continuing to witness better results from its hotel management firms and its owned hotels and associate companies and income on investments.

It also said that recently it would continue to pay cash dividends to its shareholders on quarterly basis which started in April of last year, moreover, it was also moving ahead with its 2 major real estate Jeddah and Riyadh projects as planned.

It is worth noting that Prince Alwaleed bin Talal, Chairman of Kingdom Holding, said that the company would start 2012 with strength and would continue on its strategic investment path.

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