Riyadh – Mubasher: Kingdom Holding Company (KHC) on Monday announced the appointment of two new executives.

KHC’s CEO Talal Bin Ibrahim Al Maiman appointed Adel Bin Abdulaziz Alabdulsalam as executive director for finance and administration, in addition to Nada bint Saleh Alateegi as the executive director for domestic projects, according to an official statement.

The new appointments are considered part of chairman Saudi Prince Al Waleed bin Talal's efforts to develop his firm's performance to cope with the Saudi Vision 2030, which is intended to diversify the kingdom’s economy and invest heavily in infrastructure.

The Saudi Arabian investment firm last reported a 12.2% profit growth, reaching SAR 242.7 million in the second quarter of 2018, compared to SAR 216.3 million in Q2-17.

KHC’s stock increased 1% to close Monday’s trading session at SAR 8.08.