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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Kingdom Holding Company    4280   SA31RG522S19

KINGDOM HOLDING COMPANY

(4280)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 05/21
6.45 SAR   -0.31%
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Saudi's Kingdom Holding proposes fiscal year dividend

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03/29/2018 | 12:34pm EDT
FILE PHOTO:Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia

RIYADH (Reuters) - Saudi Arabian investment firm Kingdom Holding (>> Kingdom Holding Company) proposed a cash dividend of 0.50 riyals per share for 2017, the company said on Thursday.

RIYADH (Reuters) - Saudi Arabian investment firm Kingdom Holding proposed a cash dividend of 0.50 riyals per share for 2017, the company said on Thursday.

Chairman Prince Alwaleed bin Talal, who holds a 95 percent stake, waived his share of proposed dividends worth 299.2 million riyals quarterly ($79.8 million), it added in a bourse filing.

Alwaleed will still receive 562.7 million riyals in dividend for the year, a company official told Reuters.

"This is consistent with what he has received over the past seven years when the company started giving dividends. What he is giving up is 299.2 million riyals per quarter," the official added.

Prince Alwaleed, the kingdom's most recognized business figure, was freed on Jan. 27 after being held at Riyadh's Ritz-Carlton hotel for three months on the orders of his cousin Crown Prince Mohammed bin Salman.

He said in a television interview last week that he had reached an agreement with the government for his release, but declined to disclose the details. He added that he was looking for investments up to $3 billion.

Alwaleed, a nephew of Saudi King Salman, is closely watched in international markets because of investments in companies such as Citigroup Inc and Rupert Murdoch's News Corp.

Kingdom Holding announced earlier on Thursday a net profit of 663.6 million riyals versus a loss of 350 million riyals a year ago on an increase in income from investments.

(Reporting by Marwa Rashad and Tom Arnold in Dubai; Editing by Alexandra Hudson and Adrian Croft)

Stocks treated in this article : Citigroup, Kingdom Holding Company, News Corp
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. 8.49% 52.26 Delayed Quote.-34.59%
FOX CORPORATION 2.14% 29.65 Delayed Quote.-20.02%
KINGDOM HOLDING COMPANY -0.31% 6.45 End-of-day quote.-14.57%
NEWS CORPORATION 1.77% 12.09 Delayed Quote.-14.50%
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Financials (SAR)
Sales 2020 2 868 M
EBIT 2020 959 M
Net income 2020 769 M
Debt 2020 12 050 M
Yield 2020 7,75%
P/E ratio 2020 30,7x
P/E ratio 2021 25,8x
EV / Sales2020 12,5x
EV / Sales2021 11,7x
Capitalization 23 903 M
Chart KINGDOM HOLDING COMPANY
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Kingdom Holding Company Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 9,00 SAR
Last Close Price 6,45 SAR
Spread / Highest target 39,5%
Spread / Average Target 39,5%
Spread / Lowest Target 39,5%
EPS Revisions
Managers
NameTitle
Talal bin Ibrahim Al-Maiman Chief Executive Officer & Executive Director
Alwaleed bin Talal Al-Saud Chairman
Adel bin Abdulaziz Al Abdussalam Chief Financial Officer & Executive Director
Taher Mohammed Omar Agueel Independent Director
Khaled Abdullah Al-Suhaim Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
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