RIYADH — Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal, announced Monday that its consolidated net income for year ended Dec.31, 2014 reached SR869 million compared to SR742 million for the same period in 2013, representing an increase of 17 percent. Alwaleed said: “Our solid results reflect the sound performance of KHC in 2014.”
The overall recovery in the global economy was reflected in the continued improvement in the performance of KHC's companies which include Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Mövenpick Hotels and Resorts AG, NAS, real estate projects that include the Jeddah project that encompasses the highest tower in the world, and Kingdom Riyadh project.
In addition, hotel real estate investments such as The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris, in addition to Kingdom Schools and Medical Services Projects Company.
Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world's most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. The company is recognized as one of the largest foreign investors in the United States. — SG
