Alwaleed's Kingdom posts 1.3% rise in Q2 net profit

Investment firm of Saudi billionaire makes $48.3m profit during three months to June 30

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, posted a 1.3 percent rise in second-quarter net profit on Sunday, on the back of higher dividend and associates income.

The firm made a net profit of SR181.2m ($48.3m) during the three months to June 30, compared with SR178.9m in the corresponding period of last year, the bourse filing said.

Net profit for the first six months of 2013 was SR291.3m, 4.1 percent up on the SR279.7m made last year.

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