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FINANCIAL NEWS
Saudi Kingdom Holding reports USD48m profit in Q2
22 Jul 2012
(MENAFN) Kingdom Holding, owned by Saudi Prince AL Waleed Bin Talal, reported a 9.4 percent increase in quarterly profits, Reuters reported.
The investment firm said it made USD47.70 million net profit during the second quarter, up from USD43.5 million a year earlier.
The company said in a statement that it gained high profits from its investments and sale of real estate investments, which offset the loss from hotel revenues in the Middle East as a result of the political unrest.
Kingdom Holding has minority stakes in some of the world’s top companies, including stakes in Rupert Murdoch’s News Corp and microblogging site Twitter.
More News
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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