Kingdom Holding profits jump 112.3% during Q2 to 624.2 million riyals

Kingdom Holding Company’s net profit increased during the second quarter to 624.2 million riyals compared to 293.9 million riyals in the same quarter last year by 112.3%, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

Operating profit amounted to 868.3 million riyals in the second quarter compared to 628.3 million riyals in the same quarter of the previous year, an increase of 38.1%.

Total equity (after excluding non-controlling interests) amounted to 36 billion riyals in the 6-month period compared to 31.2 billion riyals in the same period last year, an increase of 15%.

Earnings per share in the current period reached 0.22 riyals compared to 0.13 riyals in the same period last year.