21 Oct 2011
(MENAFN) Kingdom Holding Company’s (KHC) chairman, Prince Alwaleed bin Talal, said that during the third quarter, net income surged 24 percent from last year’s same period to USD52.7 million, reported Arab News.
The Prince added that in the January-September period, the company’s consolidated net income hiked 22 percent reaching USD120.4 million; on the other hand, due to the company’s expansion in local and real estate investments, KHC would be expected to keep achieving strong financial results.
He also said that KHC sold 1 million sqm of land west of Kingdom Riyadh land to the Real Estate Investment Company Ltd., one of its subsidiaries, for USD66.6 per sqm.
It is worth noting that KHC recently decided to construct Kingdom Tower in Saudi, which will be the world’s tallest building, with a height that will exceed 1,000 meters.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more