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Saudi- Kingdom Holding net income rises 10.5%  Join our daily free Newsletter

MENAFN - Arab News - 23/01/2013

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(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 the 12 months ended December 31, 2012.

The company reported that consolidated net income for 12 months totaled SR 707 million, an increase of 10.5 percent over that of last year,
The fourth quarter results of SR 210 million exceeded last year's figures by 11.6 percent.

Shadi S. Sanbar, the company's CFO, said: "The 136 percent increase in share price in 2012 was the highest in Saudi Arabia and reflects the overall market confidence in the company's sustained ability to deliver and realize substantial value to its shareholders."

 






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