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Sunday, 7 May 2017

Saudi's Kingdom Holding Q1 profit rises 12.7 pct | Reuters

Saudi's Kingdom Holding Q1 profit rises 12.7 pct | Reuters:

"Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.7 percent rise in first-quarter net profit on Sunday from higher income and gains on investments. * Net profit of 129.1 million riyals in the three months ending Mar. 31, versus 114.5 million riyals a year earlier, according to a bourse filing. * The investment firm has minority stakes in some of the world's top companies. Aside from being one of the largest shareholders in Citigroup , it owns stakes in Rupert Murdoch's News Corp and microblogging site Twitter ."



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