RIYADH: Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, has announced a net profit of SR103.9 million for the first quarter ended March 31, 2016, the period for which it announced its financial results.

KHC’s AGM approved the distribution of quarterly cash dividends for a total of SR163.9 million, and a total of SR655.9 million for the year.

Founded in 1980, KHC is a publicly traded company, which was listed on Tadawul (Saudi stock exchange) in 2007.

KHC claims it is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player regionally and internationally.