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Prince Alwaleed bin Talal

Kingdom Holding Q2 net profit edges up

Dubai, July 21, 2013

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, posted a 1.3 percent rise in second-quarter net profit on Sunday, on the back of higher dividend and associates income.

The firm made a net profit of 181.2 million riyals ($48.3 million) during the three months to June 30, compared with 178.9 million riyals in the corresponding period of last year, the bourse filing said.

Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 percent up on the 279.7 million riyals made last year. – Reuters




Tags: Saudi Arabia | Kingdom Holding | profit | Prince Alwaleed | Second quarter |

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