Investment returns boost Kingdom Holding’s second-quarter profit by 16% | The National:
"An increase in returns from investments and dividends income helped Kingdom Holding to a 16.8 per cent rise in net profit during the second quarter of the year.
Kingdom Holding, which owns stakes in several international businesses including Citigroup, Four Seasons, Apple and Twitter, reported net earnings in the three months to June 30 of 211.6 million Saudi riyals (Dh207.2m), up from 181.2m riyals in the same period a year earlier, it said in a statement on the Saudi bourse website.
The rise was thanks to an “increase in gains on investments and dividends income, in addition to decrease in financial costs”, the company said in a statement without elaborating."
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