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FINANCIAL NEWS
Saudi Kingdom Holding reports USD29.4m Q1 net profit
22 Apr 2013
(MENAFN) Saudi Arabia’s Kingdom Holding announced that its net profit gained 9.2 percent in the first quarter to USD29.4 million, reported Reuters.
The investment firm of Saudi Prince Alwaleed bin Talal said that the growth in quarterly profits resulted from higher investments, lower finance charges and the reversal of an impairment loss.
The company’s profit in 2012’s same period stood at USD26.84 million.
It is worth noting that Kingdom Holding owns stakes in Rupert Murdoch’s News Corp and microblogging site Twitter.
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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
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