Riyadh – Mubasher: Kingdom Holding on Thursday posted a net profit decline of 25% year-on-year to SAR 103.96 million ($27.72 million) in the first quarter of 2016, compared to SAR 139.38 million ($37.16 million) in the same period last year.
Profits were down on lower profits from sister companies as well as retreating revenues added to rising financial burdens, the company said in a filing to the Saudi Stock Exchange (Tadawul).
