Kingdom Holding Company (KHC) Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced today Saturday, January 21, 2012 the Company’s financial results of operations for the fourth quarter and the twelve months ended December 31, 2011. The Company announced the consolidated net income for twelve months totaled SR 639.6 million, an increase of 5.7% over last year’s.
The Company is continuing to experience improving results from its hotel management companies and its owned hotels and associate companies and income on investments.
HRH Prince Alwaleed said: “Kingdom Holding commences 2012 with strength & continues on its strategic investment path.”
Kingdom Holding recently announced the continuation of its plan to pay cash dividends to its shareholders on quarterly basis which began in April of 2011. Furthermore, the company is progressing with its two significant real estate Jeddah and Riyadh projects as planned.