Prince Alwaleed: "Our positive results reflect the success of our investment strategy"
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) announced the Company's financial results of operations for the first quarter ended March 31st, 2013.
The Company announced net income of SR 110.1 million, an increase of more than 9.2% over last year's first quarter results.
Prince Alwaleed Bin Talal commented: "Our positive results reflect the success of our investment strategy."
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC 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 in the Arabian Gulf region, and internationally.
KHC's portfolio has its main interest in landmark hotel properties and hotel management companies, real estate development in Jeddah and Riyadh, financial services, technology and media, manufacturing, aviation and agriculture© Press Release 2013
