RIYADH, (Reuters) – Saudi Prince Alwaleed bin Talal’s Kingdom Holding 4280.SE on Tuesday posted an 82.8-percent drop in second quarter net profit.
The firm had net profit of 92.1 million riyals in ($24.6 million) in the three months to June 30, down from 534.7 million riyals a year earlier, Kingdom Holding said in a statement posted on the Saudi bourse’s website.