Riyadh-Amlak
For the nine months ended September 30, 2013, Kingdom Holding Company, whose Board of Directors is chaired by HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, reported a net profit of SAR 511 million compared to SAR 497 million for the same period in 2012. Net profit for the third quarter amounted to SAR 220 million, compared to SAR 218 million for the same quarter of the previous year. Gross profit for the third quarter amounted to SAR 366 million, compared to SAR 285 million for the corresponding quarter of the previous year, an increase of 28.4%.
Prince Alwaleed commented: “The direct investment portfolio of more than 10 billion US dollars locally and internationally is generating strong returns that will contribute to increasing the return on capital.”
Chief Financial Officer Shadi Sanbar said.
Chief Financial Officer Shadi Sanbar said: “Kingdom Holding Company seeks to make strong investments such as Twitter, in which Kingdom Holding Company and Prince Alwaleed invested US$300 million, which will go public in two weeks, relying on the strong financial position and multiple available funding sources.” He added: “It is worth mentioning that the third installment of dividends was deposited in shareholders” accounts on October 10, 2013."
The third installment of dividends was deposited in the accounts of shareholders on October 10, 2013.
