Riyadh – Mubasher: Kingdom Holding Company logged an 85.44% year-on-year (YoY) plunge in net profit to SAR 1.01 billion in 2023 from SAR 6.95 billion.
Revenues grew 8.48% YoY to SAR 2.70 billion last year from SAR 2.49 billion, according to the annual financial results.
The earnings per share (EPS) reached SAR 0.27 in 2023, down from SAR 1.88 in 2022.
Cash Dividends
Kingdom Holding’s board has recommended the distribution of SAR 1.03 billion, or SAR 0.28 per share, in cash dividends for 2023.
In the first nine months (9M) of 2023, Kingdom Holding reported an 87.23% YoY lower net profits of SAR 856.17 million, versus SAR 6.70 billion in 9M-22.
