(MENAFN) Saudi Arabia's Kingdom Holding, the investment firm, registered an increase in its net profit by 20.5 percent in the July-September period of this year, due to higher investment profits, Arabian Business reported.
During the third quarter of this year, the company said it registered a net profit of USD70.6 million, compared to USD58.60 million in the same period last year, which the company attributed this to an increase in profits from investments and to lower finance charges.
The investment firm has minority stakes in some of the world's top companies, including being one of the largest shareholders in Citi Group, and owning stakes in Rupert Murdoch's News Corp and the site Twitter.
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