FINANCIAL NEWS

Saudi KHC logs USD231.55m net income in 2014

24 Feb 2015

(MENAFN) Kingdom Holding Company (KHC) logged a total net income of USD231.55 million in 2014, against USD197.71 million in 2013, marking a 17 percent increase, Saudi Gazette reported.

The overall recovery in global economy drastically helped in strengthening the performance of the four KHC’s companies in a way that facilitated growth in income.

KHC, founded in 1980, proved itself as one of the most prosperous and branched out business organizations, highly esteemed in the field of investments in the Gulf region.

In addition, the firm is recognized as one of the largest foreign investors in the United States. “Our solid results reflect the sound performance of KHC in 2014,” the company’s chairman said in a statement.

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