Saudi investment company Kingdom Holding returns to profit
Published 22 Aug,2021 via Arab News - Economy RIYADH - The Kingdom Holding Company in the Q2 of 2021 switched to profitability, compared with losses of more than a billion riyals on an annual basis.
The Kingdom Holding company is a diversified investment company, whose one of the main interests is tourism and hospitality.
Hotel income and other operating income grew and hotel operating costs decreased in the Q2 as general, administrative and marketing expenses declined.
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