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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
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
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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