Friday 30 September 2016
 
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Kingdom

Saudi's Kingdom Holding Q2 net profit falls 22pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 22 per cent fall in second-quarter net profit on Thursday as income from associates and dividends declined. The inves

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KHC acquires 5.8pc stake in AccorHotels

Kingdom Holding Company (KHC), chaired by Saudi billionaire Prince Alwaleed, has acquired a 5.8 per cent share in AccorHotels following the completion of a $3.2 billion deal with a representative from the hotel group's board of directors.

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Brexit costs Saudi's Kingdom Holding $40m on hotel deal

Saudi Arabia's Kingdom Holding on Tuesday said it will lose SR150 million ($40 million) from its share-swap deal with AccorHotels due to foreign currency fluctuations caused by Brexit. The investment firm of billionaire Prince

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Kingdom Holding chairman among '50 richest people'

The chairman of Kingdom Holding Company has been ranking among Business Insider's '50 Richest People on Earth' list.   Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud is known for his precision for exp

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Kingdom Holding Q4 profit falls 85.8pc

Kingdom Holding, the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, reported a 85.8 percent fall in fourth-quarter net profit on Thursday. Net profit fell to SR37.91 million ($10.1 million) for the three mon

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Saudi's Kingdom Holding among group investing $247.7m in Lyft

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 per cent of US ride-hailing firm Lyft for $247.7 million. Lyft, Uber Tec

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Prince Alwaleed, UNHCR hold talks

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Alwaleed Philanthropies, received at his office in Riyadh António Guterres, United Nations High Commissioner for Refugees (UNHCR) and Former Portuguese Prime Minister, who was ac

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KHI sells interest in Fairmont Mount Kenya Safari Club

Kingdom Hotel Investments (KHI), a wholly-owned subsidiary of the Saudi Arabian conglomerate Kingdom Holding Company, has sold its 75 per cent interest in the Fairmont Mount Kenya Safari Club to a private Kenyan company for $18 million, accord

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Kingdom Holding Q2 profit rises 13pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 per cent rise in second-quarter net profit on Sunday as its income increased and costs fell. Kingdom has minorit

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Kingdom Holding 'not interested in Snapchat'

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday. Senior management at Snapchat,

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