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Kingdom Holding Q1 net profit up 13pc

RIYADH, May 7, 2017

Kingdom Holding Company (KHC), chaired by Prince Alwaleed, has posted a net profit of SR129 million ($34.3 million) for the first quarter of the year, with an increase of 13 per cent compared to the same period of the last year.

Talal Almaiman, KHC’s CEO said: “This announcement is a product of our institutionalized performance. Despite the global economic climate Q1 results is expected to reflect positively on the rest of the year 2017.”

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 regionally and internationally. - TradeArabia News Service




Tags: Kingdom Holding | Net Profit | 2017 |

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