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Kingdom Holding’s Q3 Net-Profit Increases 10% Prince Alwaleed: “KHC is steadfast in realizing strong results”

October 21, 2015

Kingdom Holding Company (KHC) Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced the consolidated financial results for the third quarter and the nine months ended September 30, 2015.  Steadfast 

 

The company announced a net income for the quarter ended September 30, 2015 SR291.6 million compared to the net income of SR265.0 million for the same quarter in 2014, representing an increase of 10%, and compared to the net income of SR238.3 million in the previous quarter, representing an increase of 22.4%. The gross operating profit for the quarter ended September 30, 2015 amounted to SR441.9 million compared to the same quarter in 2014 of SR400.9 million, representing an increase of 10.2%.

 

The net income for the nine months period ending September 30, 2015 continued the positive trend reaching SR669.2 million compared to SR603.1 million recorded in the same period during 2014.

 

Moreover, Prince Alwaleed commented: “KHC is steadfast in realizing strong results.” Mr. Mohammed Fahmy Solaiman, KHC’s CFO, added: “The third payment of dividends has been deposited in shareholder’s accounts.”

 

About Kingdom Holding Company:

 

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player regionally and internationally.