Wednesday 17 January 2018

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


Alwaleed to hold Twitter stake, sees IPO by early 2014

Saudi billionaire Prince Alwaleed bin Talal says he will not sell any of his shares in microblogging site Twitter when it goes public, and expects the firm's IPO to hit the market later this year or in early


Prince Alwaleed stands by News Corp leadership

Saudi billionaire Prince Alwaleed bin Talal said he believes that News Corp will emerge from the current crisis and that he does not plan to sell any of his shares in the company. Alwaleed, who says his Kingdom Holding is the second bigges


Batelco, Kingdom bid for Zain Saudi 'hits snag'

Bahrain Telecommunications' (Batelco) joint $950 million bid for a stake in telco Zain Saudi has hit a snag over management rights, a source familiar with the matter said on Sunday. Kuwaiti group Zain agreed to sell the 25 percent

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