Kingdom Holding's Q4 net income up 152

(MENAFN- Arab News) Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal announced the company's financial results of operations for the fourth quarter and for the 12 months ended Dec. 31 2014. Prince Alwaleed commented: 'Kingdom Holding's 4th quarter results complete its successful performance in 2014.' The company reported the gross operating profit for the quarter ended Dec. 31 2014 which amounted to SR431.5 million compared to the same quarter in 2013 of SR424.1 million representing an increase of 1.7 percent. The fourth quarter results of SR266 million as compared to the net income of SR231.2 million in the previous quarter representing an increase of 15.05 percent. The consolidated net income for 12 months ended Dec. 31 2014 SR869.1 million compared to the net income of SR742.5 million for the same period in 2013 representing an increase of 17.05 percent.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 Gulf region and internationally. The company is recognized as one of the largest foreign investors in the United States.