Qa'da 11, 1431, Oct 19, SPA -- Kingdom Holding Company (KHC) Chairman Prince Alwaleed Ibn Talal Ibn Abdul-Aziz has announced the company's financial results for the third quarter and the nine months up to Sept. 30. KHC achieved a net income of SR160 million, an increase of 52.6 percent compared to last year. The consolidated net income for nine months was SR370.7 million, an increase of 50 percent, according to a report published today by the Jeddah-based Arab News. KHC is continuing to experience improving results from its hotel management companies, hotels and associate companies and income on investments. “Kingdom Holding Co. continues on the path of profitability through its sound strategic plan. I feel confident that KHC's financial results will continue to grow during the remainder of this year,” said Prince Alwaleed. Kingdom Holding is also progressing with its significant real estate projects in Jeddah and Riyadh as planned.
