Kingdom Holding's net profit up 10 percent in 2013


(MENAFN) Saudi Arabia's Kingdom Holding announced that its net profit in the fourth quarter of last year jumped 10.3 percent, Arabian Business reported



The company's said that its net profit hit USD61.6 million in the quarter versus USD55.9 million. The company made USD198 million in profits in the entire year



The firm owns a minority stake in some of the world's top companies. Kingdom Holding is one of the largest shareholders in Citigroup, and it owns stakes in Rupert Murdoch's News Corp and social media site Twitter


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