Riyadh – Mubasher: Kingdom Holding Company posted net profits after Zakat and tax worth SAR 1.01 billion in 2021, versus losses of SAR 1.46 billion a year earlier.

The company’s revenues jumped by 46.51% year-on-year (YoY) to SAR 1.50 billion last year from SAR 1.02 billion, the financial results revealed on Sunday. 

The earnings per share (EPS) settled at SAR 0.27 in 2021, against losses per share of SAR 0.41 a year earlier.

During its meeting on 26 February, the board of Kingdom Holding approved the distribution of SAR 1.03 billion, representing 2.8% of the capital, as cash dividends for 2021.

The company will pay a cash dividend worth SAR 0.28 per share for a total of 3.70 billion eligible shares.

Kingdom Holding will announce the eligibility and distribution dates at a later time.

It is worth noting that during the third quarter (Q3) of 2021, the company’s net profits stood at SAR 108.68 million, against losses of SAR 87.02 million in Q3-20.