Riyadh – Mubasher: Kingdom Holding Company named Prince Alwaleed bin Talal bin Abdulaziz Al Saud as the Chairman of the board for the next three years.

Lama Abdulaziz Al-Sulaiman was appointed as the Vice Chairman, according to a bourse disclosure.

The two officials assumed their roles for a new session that commenced on 5 June 2024 and will remain in position until 4 June 2027.

In the first quarter (Q1) of 2024, Kingdom Holding witnessed 14.68% higher net profits at SAR 196.19 million, compared to SAR 171.07 million in Q1-23.

Revenues dropped by 16.02% to SAR 564.39 million in Q1-24 from SAR 672.12 million a year earlier, while the earnings per share (EPS) maintained its value at SAR 0.05.