Thndr Claps » Saudi Claps » Earnings 📈 » Kingdom Holding’s profits soar👑
The ClapSaudi conglomerate Kingdom Holding (4280) saw its profits jump by 3.61% in Q2-2022.
The DeetsProfits recorded 427.15 million riyals after zakat and tax, compared to approximately 412.25 million riyals in Q2-2022.
The company attributed the increased profit to the increase in income from dividends and its hospitality operations.
In Related NewsKingdom Holding revealed last May that its billionaire owner, Prince Al-Waleed bin Talal, sold a 16.87% stake in the company to the Saudi Public Investment Fund (PIF).
This month, it also announced an investment of $3.4 billion in Russian oil companies.
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