(MENAFN - Arab News) Kingdom holding company (khc) chaired by prince alwaleed bin talal has announced the company's financial results for the first quarter ended march 31.
the company announced net income of sr126 million an increase of more than 14.8 percent over last year's first quarter results.
the significant improvements on the operations of khc's investments resulting in an increase by 30 percent of income from operations during this quarter compared to that of last year reflected the remarkable development of the regional and world economies.
founded in 1980 khc is a publicly traded company which was listed on 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. the company is recognized as one of the largest foreign investors in the us.