Kingdom Holding Q1 income tops $29m
Riyadh, April 21, 2013
Riyadh-based Kingdom Holding Company (KHC) has posted a net income of SR110.1 million ($29.3 million) for the first quarter of the year, marking an increase of more than 9.2 per cent over last year’s first quarter results.
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of KHC, said: “Our positive results reflect the success of our investment strategy.”
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally.
KHC’s portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media, manufacturing, aviation and agriculture. – TradeArabia News Service