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MENAFN - Arab News - 22/07/2012

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(MENAFN - Arab News) Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has announced the company's financial results of operations for the second quarter and the six months ended June 30, 2012.

The company announced a net income of SR 178.9 million, an increase of 9.4 percent compared to the results for the second quarter of 2011.

The consolidated net income for six months totaled SR 279.7 million, which represents an increase of 10.1 percent.

Prince Alwaleed said: "Kingdom Holding's strong results assert our sound investment strategy."

Shadi Sanbar, CFO, commented: "The second payment of dividends has been deposited in shareholders' accounts and I am confident that the outlook for the company's continuing profitability is very good. KHC is poised to capitalize on financial and strategic opportunities as they come up."

 






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