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FINANCIAL NEWS
Saudi KHC reports USD48m profit in Q2
22 Jul 2013
(MENAFN) Kingdom Holding, the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, reported a 1.3 percent increase in quarterly earnings, driven by higher dividend and associates income, Reuters reported.
The company said it made USD48.3 million net profit during the second quarter, up from USD47.7 million a year earlier.
As for the first six months of 2013, the company said it made USD77.7 million net profit, 4.1 percent higher than USD74.7 million in the same period last year.
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BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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