Sunday 7 February 2016
 
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Kingdom

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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Key projects: Saudi eases rules for foreign firms

Saudi Arabia has approved a number of steps that could ease the participation of major international companies in the kindgom's key projects, the official Saudi Press Agency has said. The measures announced by the Cabinet yest

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Kingdom Holding Q2 net profit up 16.8pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, reported a 16.8 percent increase in second-quarter net profit on Monday, citing higher income from investments. The investment

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Kingdom Holding’s Paris hotel wins top honour

Kingdom Holding’s Four Seasons Hotel George V in Paris has been named the ‘Best European City Hotel’ in the 2013 Gallivanter’s Guide for 11 consecutive years.   The George V décor i

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Kingdom Holding to invest $400m in Rizvi Fund

Saudi Arabia-based Kingdom Holding Company (KHC) is set to invest about $400 million in the Rizvi Opportunistic Equity Fund III.   The fund is specialised in pre-IPO opportunities in well-known and well-managed c

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