Kingdom Holding Co. increases its net profit to SR280m an increase of 10% compared to 2011
- Saudi Arabia: Saturday, July 21 - 2012 at 16:52
- PRESS RELEASE
HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company announced the Company's financial results of operations for the second quarter and the six months ended June 30, 2012.
The consolidated net income for six months totaled SR279.7m, which represents an increase of 10.1%.
HRH Prince Alwaleed said "Kingdom Holding's strong results assert our sound investment strategy."
Shadi Sanbar, CFO, commented: "The second payment of dividends has been deposited in shareholder's accounts and I am confident that the outlook for the Company's continuing profitability is very good. He added, "KHC is poised to capitalize on financial and strategic opportunities as they come up."
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