Saudi's Kingdom Holding posts 10.3 pct Q1 net profit increase

April 21, 2015 6:09 AM

62 0

DUBAI, April 21 (Reuters) - Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 10.3 percent rise in first-quarter net profit on Tuesday, on the back of higher income from dividends and associates.

Kingdom make a net profit of 139.4 million riyals ($37.2 million) in the three months to March 31, compared to 126.4 million riyals in the same period a year earlier, it said in a bourse statement.

Also read: Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

Read more

To category page