Browse
related articles
Kingdom Holding Company advances on higher Q3 profit
- Saudi Arabia: Monday, October 22 - 2012 at 17:38
The Tadawul All-Share Index fell the fourth day straight Monday, ending down 0.56% to hit 6,741.82 points. Kingdom Holding Company, the investment vehicle mostly owned by H. H. Prince Al-Waleed Bin Talal Al-Saud, added 1.30%, closing at SR15.60. Earlier in the day, Kingdom Holding said the net income in the third quarter was SR217.8m compared to the net income of SR197.7m for the same quarter in 2011, representing an increase of 10.2 %, and compared to the net income for the last quarter of SR178.9m, an increase of 21.7%. Commenting on the results, the holding said "The increase in net income for the third quarter is due to income of real estate investments, dividends from investments in financial markets, improvement of performance from associate companies and reversal of impairment loss despite the low performance of international hotel companies as a result of current events in the Middle East."
Related Content
Article Options
Gérard Al-Fil, Financial JournalistMonday, October 22 - 2012 at 17:38 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
