Kingdom Holding Co. — Earnings Release 2011

Feb 25, 2012

KINGDOM HOLDING COMPANY ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2011

4280 · 25/02/2012 08:48:04 · Announcement #24313 · View on Saudi Exchange

KINGDOM HOLDING COMPANY ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2011

Kingdom Holding Company announces the annual consolidated financial results for the year ended December 31, 2011:

1. Net income for the year amounts to SR 639.6 million compared to the net income of SR 605.2 million for the same period in 2010, which represents an increase of 5.7%

2. Earnings per share for the year, amounted to SR 0.17 compared to SR 0.15 for the same period in 2010. Note that the earnings per share computation for the 2010 period were made by using the weighted average number of shares of 3,997 million shares.

3. Gross profit for the year was SR 1146.5 million, compared to SR 1375.5 million for the same period in 2010, which represents a decrease of 16.6%.

4. Income from operations for the year was SR 1100.5 million, compared to SR 1101.6 million for the same period in 2010, which represents a decrease of 0.1%.

5. The reason for the change in net income for the period is due to an increase in income from investments, sales of real estate and dividends income. The change is also in part due to a decrease in performance from associates, and hotel operations and is also a result of recent events in the Middle East.

6. The reason for the decrease in revenue and 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 Co. during the second quarter of 2011 and Fairmont Raffles and Real Estate Investment Co., in the second quarter of 2010. Please note that some figures were adjusted for comparison periods

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.