>Kingdom Holding Net Falls 83% on Investments, Hotels

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>July 21 (Bloomberg) — Kingdom Holding Co., the investment company owned by Saudi Prince Alwaleed bin Talal, said second- quarter profit fell 83 percent as returns from investments in the stock markets and hotels declined.
Net income was cut to 92.1 million riyals ($24.6 million) from 534.7 million riyals in the year-earlier period, the Riyadh-based company told the Saudi bourse in a statement today.

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