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December 26, 2011
Following the announcement of Citigroup’s results, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) congratulated Mr. Vikram Pandit CEO of Citigroup on the Company’s “promising” Q3 results of $3.8 billion which is an increase of 74% and an increase of earnings per share to $1.23 versus $0.72 in the third quarter 2010. During their latest meeting in New York this year, Prince Alwaleed and Mr. Pandit discussed the latest developments in Citigroup and future plans of the Company. During the visit, the Prince re-affirmed his support of Mr. Pandit
December 26, 2011
HRH Prince Alwaleed Bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company announced the Company’s financial results of operations for the third quarter and the nine months ended September 30, 2011. The Company announced a net income of SR 197.7 million, an increase of 24% when compared to the results for the third quarter of 2010. The consolidated net income for nine months totaled SR 451.8 million, which represents an increase of 22%. Prince Alwaleed commented: “Kingdom Holding Company will continue to achieve strong results and to distribute dividends.” Even with the effects