The profits of “Kingdom Holding” jump 120% to 431.6 million riyals in the first quarter

The profits of the Kingdom Holding Company in the first quarter of 2025 jumped by 120% to 431.6 million riyals, compared to 196.2 million riyals in the same quarter of last year.
According to the company’s statement on the Saudi circulation, the reason for the rise in the net profit during the current quarter is compared to the same quarter of the previous year to the rise in profit distribution revenues.
The reasons included: the rise in a share of the companies invested in the manner of property rights, and the rise in other gains, in the net.
The reasons included: the decrease in Zakat expenses, the decrease in financial expenditures, the decrease in the expenses of deduction and income tax, and the decrease in public, administrative and marketing expenses.
The reasons included: a decrease in hotels and other operating costs. Despite the decrease in profit from the sale of investment real estate, the decrease in financing revenues, and the decrease in hotel revenues and other operating revenues.
The reason for the rise in the net profit during the current quarter, compared to the previous quarter, is due to the rise in profit distribution revenues, and the rise in a share of companies invested in the manner of property rights.
The reasons included: the decrease in the costs of hotels and other operational costs, the decrease in the expenses of deduction and income tax, the decrease in public, administrative and marketing expenses, and the positive impact of the decrease in the value of financial assets.
This came despite the decrease in hotel revenues and other operating revenues, the decrease in other gains, net, rise in financial expenditures, rise in zakat expense.