Kingdom Holding’s 2014 net income up 17%

Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, announced the company’s financial results of operations for the year ended December 31.
The company consolidated net income for year ended December 31, 2014 is SR869 million compared to the net income of SR742 million for the same period in 2013, representing an increase of 17 percent.
Prince Alwaleed commented: “Our solid results reflect the sound performance of KHC in 2014.”
The overall recovery in the global economy was reflected in the continued improvement in the performance of KHC’s companies which include Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Movenpick Hotels and Resorts AG, NAS, real estate projects that include the Jeddah project that encompasses the highest tower in the world, and Kingdom Riyadh project.
In addition, hotel real estate investments such as The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris, in addition to Kingdom Schools and Medical Services Projects Company.