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Tuesday, December 1 - 2009

Kingdom Holding Q3 profits fall

  • Saudi Arabia: Wednesday, October 21 - 2009 at 10:47

Saudi-based Kingdom Holding has said its third- quarter profit dropped by 54% to SR104.8m ($28m) in the three months ended September 30, compared to SR226.5m in the year-earlier period. The company blamed the decline in income on a 'decrease in dividend distribution from investments in international and local markets'.

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