United Development Company (UDC), in which Qatari General Retirement and Social Insurance Authority is expected to make a strategic investment, has reported a more than six-fold rise in its 2011 net profit to QR3.75bn mainly on revaluation gains on
Qatar's United Development Company (UDC), the developer of the man-made Pearl Island project, said its full-year net profit for 2011 soared to QR3.77 billion ($1.03 billion) from QR617 million the previous year. Announcing the results, UDC chairman
Salam International Investment (SIIL) has decided to initiate legal proceedings against the Qatar Financial Market Authority (QFMA) charging that there was no justification for the continued suspension of the company’s shares trading on the Qatar
The Saudi company led by Prince Al Waleed bin Talal yesterday posted a 19.9 per cent drop in profit for the fourth quarter. Kingdom Holding's net income fell to 187.8 million riyals (Dh183.9m) compared with 234.6m riyals for the same quarter in 2010.
Saudi contracting firm Abdullah AM Al Khodari Sons Company said on Saturday that net profit for the final quarter of 2011 fell 37 percent, Arabian Business reported. The construction company said net income was SR54.45m ($14.5m) compared to SR86.74m for
Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, has announced the company's financial results of operations for the fourth quarter and the 12 months ended Dec. 31, 2011. The company said the consolidated net income for 12 months
Kingdom Holding Company, the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, posted a 19.9 per cent decline in fourth-quarter net profit due to a decreased performance by associated hotels, it said on Saturday. Kingdom Holding made a
Finding no justification for the suspension of its shares from trading on the Qatar Exchange (QE) in view of a court case pertaining to the merger of its subsidiaries, Salam International Investments (SIIL) has held Qatar Financial Market Authority
Kingdom Hotel Investments (KHI), a wholly owned subsidiary of Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, completed the sale of its stakes in the Four Seasons Hotel Jakarta in Indonesia and the Mövenpick Dar es Salaam in Tanzania
United Development Company (UDC), builder of the man-made island the Pearl-Qatar, said yesterday its managing director and president Khalil Sholy has resigned with immediate effect. Sholy will retain his powers as managing director and president for
Qatar's Mannai Corporation is mulling making a cash offer for Damas International, the Dubai jewellery retailer, according to reports. Mannai, a retailer of consumer goods and automobiles, secured commitments on 58.79% of Damas shares, media reports said
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held a board meeting at the company’s headquarters in Riyadh. The meeting was held to outline and to fortify KHC’s diversified investment strategy, long-term vision for growth and
Kingdom Holding Company (KHC), the investment firm chaired by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, outlined its diversified investment strategy for 2012 at a crucial board meeting held in its Riyadh office. Adressing the company's board
Abdullah A. M. Al-Khodari Sons Company announces the signing of a contract with the Royal Commission for Jubail & Yanbu (Royal Commission in Jubail) on 09/01/2012 for the solid waste collection and disposal in Jubail Industrial City. The period of this
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received in office in Riyadh HE Sheikh Humoud Bin Abdullah Bin Hamad Al Khalifa, Bahraini Ambassador to Saudi Arabia. The meeting was also attended by Dr. Nahla
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), held an investment committee meeting at the company headquarters in Riyadh. The committee comprises Talal Al-Maiman, executive director for development and domestic investments, Ahmed
With reference to the earlier announcement of 05/12/1432H corresponding to 01/11/2011G, Abdullah A. M. Al-Khodari Sons Company announces completion of the signing of the contract with the Ministry of Municipal & Rural Affairs (Jazan Municipality) for
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has announced a $50 million investment into First Hydrocarbon Nigeria Limited (FHN) in Nigeria. The transaction was through the second Kingdom Zephyr fund, PAIP II. FHN was set up in