Latest news with #KingdomHoldingCo.
Zawya
11-08-2025
- Business
- Zawya
Saudi Kingdom Holding's Q2 2025 profit falls 25% as operating costs rise
Saudi Arabia's Kingdom Holding Co. said net profit for the second quarter dropped 25% year-on-year (YoY) to 405 million riyal ($107.92) due to higher operating costs and a fall in dividend income. The company also reported a decrease in share of results from equity-accounted investees, a fall in finance income, a rise in general, administrative, and marketing expenses, and a reduction in hotels and other operating revenues. Revenue fell 4% to SAR 623 million during the period, compared to SAR 647 million a year ago, primarily due to a drop in dividend income, as well as hotels and other operating revenues. Earnings in the first half rose 2% YoY to SAR 837 million due to lower finance charges and a gain on the sale of an equity-accounted investee. Revenue rose 12% annually to SAR 1.4 billion, supported by higher dividends.
Bloomberg
24-04-2025
- Business
- Bloomberg
Prince Alwaleed Plots Next Act With Billions Riding on Elon Musk
Prince Alwaleed bin Talal is back. The flamboyant billionaire founder of Saudi conglomerate Kingdom Holding Co., in a literal sense, never really went anywhere. But since he was caught up in Crown Prince Mohammed bin Salman's 2017 detention of hundreds of the country's elite in the Ritz-Carlton Riyadh, he has laid uncharacteristically low.
Argaam
06-02-2025
- Business
- Argaam
King Salman, Crown Prince put Saudi back on track: Prince Alwaleed
King Salman and Crown Prince Mohammed bin Salman have put Saudi Arabia back on the right track with the launch of Vision 2030, after the Kingdom experienced stagnation between 2005 and 2015, Prince Alwaleed bin Talal, Chairman of Kingdom Holding Co., said in an interview. Saudi Arabia is exerting efforts to find alternatives to oil, as it cannot rely on oil for 80% to 90% of its budget, leaving it vulnerable to oil price fluctuations, said bin Talal. He expressed optimism about Saudi Arabia's progress, highlighting that his investments span various sectors, including tourism, hotel management, commercial real estate, industrial projects, and more. The Crown Prince possesses boundless energy, and foresight, and he is a strong strategist for the coming years, bin Talal said, adding that long-term planning for 10-15 years ahead—is an essential quality for any leader.
