Saudi Prince Alwaleed Bin Talal’s Kingdom Holding reports 120% increase in net profit for the first quarter of 2025, reaching $115 million
Kingdom Holding Company (KHC), run by the richest Arab in the world, Prince Alwaleed bin Talal, made a net profit of $115.1 million (SAR 431.6 million) in the first three months of 2025. This is 120% more than what they earned in the same time last year.
Kingdom Holding’s Q1 Results
Kingdom Holding Company (KHC) earned $197.7 million (SAR 741.5 million) in the first three months of the year. This is 31.4% more than the same time last year and 30.8% more than the previous quarter. The increase happened mainly because they received more money from dividends, even though income from hotels and other businesses went down.
The company’s profit grew compared to last year because they got more dividend income, earned more from some investments, and had other gains.
At the same time, some costs went down. These include taxes, financial charges, zakat (a type of tax), general and marketing expenses, and hotel and other operating costs.
Total income for the company was $639.23 million (SAR 2.39 billion). This is 26.4% higher than last year and more than double the last quarter. The earnings per share increased to $0.032 (SAR 0.12) from $0.013 (SAR 0.05) last year.
KHC’s Investments
KHC owns shares in X (which used to be called Twitter). They also bought $400 million (SAR 1.5 billion) worth of shares in xAI, an artificial intelligence company supported by Elon Musk.
In January, KHC said it will fix and rebuild the Four Seasons Hotel in Beirut, which was damaged in the 2020 Beirut Port explosion. They plan to open it again in early 2026.
The Saudi Public Investment Fund (PIF), which is the country’s sovereign wealth fund, owns a small part of KHC. About 5% of KHC shares are traded on the Saudi stock market.
Published: 15th May 2025
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