We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 21 Jul 2013 02:30 PM

Font Size

- Aa +

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

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

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.

Arabian Business digital magazine: read the latest edition online

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.