Publication Date:
Tue, 2011-01-18 02:49
The company is continuing to experience improving results from its hotel management companies and its owned hotels and associate companies and income on investments.
Prince Alwaleed said: "Kingdom Holding Company's sound strategic plan, which was put in place in 2009, has started to pay off. We promised, delivered and will continue to achieve profitability and distribute dividends, God willing."
Kingdom Holding recently announced its plans to pay cash dividends to its shareholders on a quarterly basis starting in April of this year. Furthermore, the company is progressing with its two significant real estate projects in Riyadh and Jeddah as planned.
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