Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, has announced the consolidated financial results for the third quarter and the nine months ended Sept. 30, 2014. 

The company announced a net income for the quarter ended Sept. 30, 2014 SR265 million compared to the net income of SR220 million for the same quarter in 2013, representing an increase of 20.5 percent, and compared to the net income of SR212 million in the previous quarter, representing an increase of 25.2 percent.

The gross operating profit for the quarter ended Sept. 30 amounted to SR401 million compared to the same quarter in 2013 of SR366 million, representing an increase of 9.6 percent

The net income for the nine months period ending Sept. 30 continued the positive trend reaching SR603 million compared to SR511 million rewarded in the same period during 2013.

Mohammed Fahmy Solaiman, CFO, commented: “The third payment of dividends has been deposited in shareholder’s accounts. The outlook for the company’s profitability remains strong.”

KHC, founded in 1980, is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007.