>Kingdom Holding Net Grows 47% on Revenue From Hotels

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>July 20 (Bloomberg) — Kingdom Holding Co., an investment company controlled by Saudi billionaire Prince Alwaleed Bin Talal, said second-quarter profit advanced 47 percent on revenue from global hotel operations and units inside Saudi Arabia.

Net income increased to 135.4 million riyals ($36.1 million) from 92.1 million riyals in the year-earlier period, the Riyadh-based company said in a statement to the Saudi bourse today. The company is “experiencing improving results from its hotel operations and its domestic entities,” it said.

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