Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal, has posted a net profit of SR129 million ($34.3 million) for the first quarter of the year, an increase of 13 percent compared to the same period of the last year.
Talal Almaiman, KHC’s CEO said: “This announcement is a product of our institutionalized performance. Despite the global economic climate Q1 results are expected to reflect positively on the rest of the year 2017.”
Prince Alwaleed Bin Talal Tops the List of the World's Richest Arabs for 2017
Founded in 1980, Kingdom Holding Company is a publicly traded company. The company was listed on the Saudi Stock Exchange (Tadawul) in 2007. It 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.
