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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.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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