Tuesday 21 January 2014

Fourth-quarter surge for Saudi Arabia’s Kingdom Holding | The National

Fourth-quarter surge for Saudi Arabia’s Kingdom Holding | The National:



"Profits at Saudi Arabia’s Kingdom Holding, which is controlled by the billionaire Prince Al Waleed bin Talal, rose more than 10 per cent in the fourth quarter amid a rise in the value of its assets



Prince Alwaleed's Kingdom Holding completes $80m land sale
Kingdom, which owns stakes in Citigroup as well as Rupert Murdoch’s News Corporation and Twitter, said in a regulatory disclosure that net income for the quarter ended December 31 stood at 231.2 million Saudi riyals (Dh226.4m), compared with 209.6m riyals a year earlier.



Profit for the full year increased 5 per cent to 742.5m riyals."



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