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Kingdom Holding’s 2017 Q3 Net Profit Increases 170% Compared to 2016 Q3

November 5, 2017

 

Kingdom Holding Company (KHC), Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced the Company’s financial results for the thirdquarter ended 30th September, 2017. The Company announced a net profit of SAR 248 million with an increase of 170% compared to the same the third quarter of 2016.

Eng. Talal Almaiman, KHC’s CEO commented: “The positive Q3 results reflect Kingdom Holding’s sound investment strategy and commitment to its shareholders.”

Kingdom Holding is one of the world’s most successful diversified investment firms that is internationally renowned for its interest in both high performance global brand and strategic regional interests. Based in Riyadh, Saudi Arabia, KHC is led by its Founder and Chairman, HRH Prince Alwaleed Bin Talal.  Founded in 1980 and publicly traded since 2007, KHC has achieved three decades of exceptional investment success and is renowned for its diversified portfolio of global powerhouse brands and high performance regional investments.

Although one of the largest foreign investors in the world, KHC’s disciplined investment approach stretches around the globe and includes leading market segments such as ride sharing, e-commerce and social media (Lyft, Careem, JD.com, Twitter), media and entertainment (21st Century Fox, Disney), banking and financial services (Citigroup, Saudi Fransi Bank).  KHC is also a global leader in luxury hotels and hotel management with ownership or significant interests in marquee properties such as the George V in Paris, the Plaza Hotel in New York and London’s Savoy Hotel.  KHC’s global hotel brands include the Four Seasons, Fairmont Raffles, Movenpick, Swissotel and Accor. In Saudi Arabia, KHC’s real estate interests include the famed Kingdom Tower in Riyadh and the highly anticipated Jeddah Tower that once completed will be the tallest tower in the world with a height exceeding 1000 meters. KHC also has investments in petrochemicals (Tasnee), education (Kingdom Schools), health care (Kingdom Hospital), aviation (NAS Saudi Arabia) and private equity (CDC Sovereign Wealth Fund of France).