Kingdom Holding announces distribution of quarterly cash dividends of SR550.3m from retained earnings

This figure was determined after HRH Prince Alwaleed, gave up his full entitlement of his share of the proposed annual cash distributions, which totaled 37 Halalas per share (SR1,302.7m), or 9.25 Halalas per share (SR325.7m quarterly).

Note that eligibility for the payment of cash dividends will be based on the following:

1.First payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of the AGM, which will be held once approved by the appropriate authorities and will be paid after two weeks after the eligibility date.

2.Second payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 21/08/1434H corresponding to 30/06/2013 and will be paid after two weeks after the eligibility date.

3.Third payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 24/11/1434H corresponding 30/09/2013 and will be paid after two weeks after the eligibility date.

4.Fourth payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 28/02/1435H corresponding to 31/12/2013 and will be paid after two weeks after the eligibility date.

KHC, reported that consolidated net income for 2012 totaled SR707m, an increase of 10.5% over 2011, while the fourth quarter results of SR210m exceeded last year's by 11.6%. Mr. Shadi S. Sanbar, the Company's CFO and member of the Investment Committee, highlighted the following achievements for the year 2012: "KHC realized significant gains from sales of certain real estate land sales in Riyadh, and recognized profit from the sale of hotels together with improving results from its three hotel management companies. In addition, the general improvements in the equities market, both domestically and internationally, coupled with improving results from its associated companies and income on investments contributed favorably to the overall success in 2012."

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.