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QIMC reported a 22% jump in its first half net profit (Gulf Times - 26/07/2012)

Qatar Industrial Manufacturing Company (QIMC) has reported a 22% jump in its first half net profit to QR118.99mn, mainly helped by robust gains from its associates. Its gross profit, otherwise, was down 2% to QR39.19mn as cost of sales grew faster than
Kuwait’s NIG asks for $475mn sukuk extension for four years (Gulf Times - 23/07/2012)

National Industries Group Holding (NIG), a Kuwaiti investment firm controlled by one of the country’s biggest family conglomerates, has asked creditors for a four-year extension on a $475mn Islamic bond, or sukuk, maturing next month. The request from
Four Seasons Hotel Riyadh gets Best Five Star Hotel award (Arab News - 23/07/2012)

Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal announced that the Four Seasons Hotel Riyadh was awarded Best Five Star Hotel in Saudi Arabia during the recent Saudi Excellence in Tourism Awards 2012. As well, Elements Restaurant
Kingdom Holding Q2 net profit up 9.4pc (Trade Arabia - 22/07/2012)

Saudi Arabia's Kingdom Holding , the investment vehicle of billionaire Prince Alwaleed bin Talal, said on Saturday its second quarter net profit rose by 9.4 per cent year-on-year to SR178.9 million ($47.70 million). Kingdom Holding has minority stakes in
KHC posts SR 280 m net profit (Arab News - 22/07/2012)

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has announced the company's financial results of operations for the second quarter and the six months ended June 30, 2012. The company announced a net income of SR 178.9 million, an
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