RIYADH: Saudi Arabia’s Kingdom Holding Co. reported on Monday that it turned into profit in the first nine months of 2021, after seeing its net profit jumping by 145 percent.
The company revealed in a filing that it made a net profit of SR612 million ($163 million) compared to a loss of SR1.37 billion during the same period last year.
Kingdom Holding attributed the results to many factors including increase in the share of results from equity-accounted investees, increase in dividend income and the fall in financial charges.