Kingdom Holding Co. — Earnings Release 2011

Oct 19, 2011

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2011 (nine months)

4280 · 19/10/2011 15:51:45 · Announcement #23079 · View on Saudi Exchange

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2011 (nine months)

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2011:

1. Net income for the third quarter was SR 197.7 million compared to the net income of SR 160 million for the same quarter in 2010, representing an increase of 23.6 %, and compared to the net income for the last quarter of SR 163.5 million, representing an increase of 20.9%.

2. Gross profit for the third quarter amounted to SR 370.1 million compared to the same quarter in 2010 of SR 345.3 million, representing an increase of 7.2%.

3. Income from operations for the third quarter amounted to SR 210.8 million compared to SR 186.7 million for the same quarter in 2010, which represents an increase of 12.9%.

4. Net income for the nine month period amounts to SR 451.8 million compared to the net income of SR 370.7 million for the same period in 2010, which represents an increase of 21.9%.

5. Earnings per share for the nine months period, amounted to SR 0.12 compared to SR 0.10 for the same period in 2010. Note that the earnings per share computation for the two periods were made by dividing the number of current weighted average of outstanding shares by 3,706 million shares.

6. Gross profit for the nine months period was SR 889 million, compared to SR 962.3 million for the same period in 2010, which represents a decrease of 7.6%.

7. Income from operations for the nine months period was SR 498.2 million, compared to SR 427.2 million for the same period in 2010, which represents an increase of 16.6%.

8. The reason for the change in net income for the period is due to an increase in income from investments and dividends income. The change is also in part due to a decrease in performance from associate companies, and hotel operations due to a recent result in the Middle East market.

9. The reason for the decrease in total revenue and total costs and expenses is due to a change in reporting for our investments from the consolidated method to the equity method made in Trade Centre Company Ltd. during the second quarter of 2011 and Fairmont Raffles International and Real Estate Investment Company Ltd., in the second quarter of 2010.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.