RIYADH: Saudi conglomerate Kingdom Holding Co. announced a massive profit jump for the first nine months of 2022.
Riyadh-based KHC saw its first-half profit skyrocket by 996 percent to SR6.7 billion ($2 billion), from SR612 million in the same period last year.
Its revenue doubled to SR1.9 billion during the same period, thanks to higher hotel and property sales, according to a bourse filing.
For the third quarter of the year, it recorded a 226 percent surge to SR355 million, compared to SR109 million it made in the same period last year.
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