Saudi’s Kingdom Holding posts 38.3pct fall in profit

21 Oct 2016

(MENAFN) Saudi Arabia’s Kingdom Holding recorded a 38.3 percent decline in third quarter net profit.

Moreover, the firm’s revenue reached USD48.0mn in the cited period, against 291.5mn riyals a year earlier.

In addition, the company predicted to record 150mn riyals less revenue from its share-swap deal with Accor Hotels in the same quarter.

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