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Thursday, 19 January 2017

Saudi's Kingdom Holding Q4 net profit climbs 6 pct | Reuters

Saudi's Kingdom Holding Q4 net profit climbs 6 pct | Reuters:

"Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 6 percent rise in fourth-quarter net profit on Thursday. * Net profit of 40.2 million riyals ($10.7 million) in the three months ending Dec. 31, versus 37.9 million riyals a year earlier, according to a bourse filing. * Earnings boosted by rise in dividends, increase in revenue and operating income from hotels and providing for impairment provisions in same quarter of last year. "



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