Kingdom Holding Posts Small Q2 Profit Rise

Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.



Saudi Arabia’s Kingdom Holding , the investment firm of billionaire Prince Alwaleed bin Talal, posted a 1.3 per cent rise in second-quarter net profit on Sunday, on the back of higher dividend and associates income.

The firm made a net profit of 181.2 million riyals ($48.3 million) during the three months to June 30, compared with 178.9 million riyals in the corresponding period of last year, the bourse filing said.

Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.