Sunday 2 August 2015

Saudi’s Kingdom Holding Q2 profit increases 13 per cent | The National

Saudi’s Kingdom Holding Q2 profit increases 13 per cent | The National:



"Saudi Arabia’s Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 per cent rise in second-quarter net profit on Sunday as its income increased and costs fell.



Kingdom has minority stakes in some of the world’s most high profile companies including Citigroup and Twitter.



Kingdom made a net profit of 238.3 million riyals (Dh233m) in the three months to June 30, up from 211.7 million riyals in the same period a year earlier, it said in a bourse statement."



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