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  • 27-02-22

    Saudi Arabia’s Kingdom Holding Co. registers profit surge of 169 percent

    (MENAFN) Saudi Arabia’s Kingdom Holding Co. registered revenue during last year, with its net income climbing 169 percent on a yearly basis.

    According to the investment firm filing statement, its net profit amounted at SR1.017 billion (USD271 million), in comparison to a drop of SR1.46 billion (USD389.1 million) a year before. Profits surged by 46 percent throughout the year, hitting SR1.51 billion (USD402.4 million).

    Kingdom Holding accredited the outcomes to reasons involving a rise in the stake of results from "equity-accounted investees, higher dividend income, and a fall in financial charges."

    Independently, the board of the company suggested the allocation of SR0.28 (USD0.075) for each stock, demonstrating a sum of SR1.04 billion (USD0.28), as bonuses for 2022.

    MENAFN27022022000045013568ID1103768560

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