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FINANCIAL NEWS
Kingdom Holdings Q2 net profit up 20.8%
20 Jul 2011
(MENAFN) Kingdom Holdings’ (KHC) CFO, Shadi Sanbar, said that due to growing income from the company’s investments and dividends, in the second quarter, KHC’s net profit went up 20.8 percent to USD43.6 million, reported Emirates 24/7.
Sanbar added that due to the political upheaval in the Middle East, the company’s associated firms and hotel operators’ performance was slow.
He also said that in the period, operating profit reached USD48.9 million with a little increase of 4.7 percent from last year’s same quarter.
It is worth noting that KHC is an investment company owned by Saudi Prince Alwaleed bin Talal. It has a major share in Citygroup as well as minority stakes in other international companies.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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