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الاقتصادية
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الاقتصادية

2026-11-02T07:25:05.738Z

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Holding Profit Down 62%

Holding Profit Down 62%

Saudi Arabia’s Kingdom Holding reported a 61.7% year-on-year decline in net profit to 304.2 million riyals in the third quarter, marking its third consecutive quarterly decline and the sharpest drop since the first quarter of 2023. The company attributed the fall to the absence of one-off gains recorded in the same period last year, as well as higher operating and financing costs and expenses, despite growth in hotel and operating revenue and dividend income.

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