On 2026-08-06 15:57:57 (Saudi Time), Kingdom Holding Co. announced its Interim financial results for the six months ended on June 30, 2026.

Year-on-Year Performance Drivers

For the six-month period ending 30 June 2026, Kingdom Holding Co.'s sales/revenue declined 11.705% YoY from SAR 1,364.59 million to SAR 1,204.86 million, primarily driven by a decrease in Dividend income, partially offset by an increase in Hotels and other operating revenues. Net profit attributable to shareholders fell 28.038% YoY from SAR 836.71 million to SAR 602.11 million, mainly due to decreases in Dividend income, Gain on sale of equity-accounted investees, and Gain on sale of investment property, compounded by increases in Hotels and other operating costs, Withholding and income tax, General, administrative and marketing expenses, and Zakat, despite partial offsets from higher Other gains-net, increased Share of results from equity-accounted investees, higher Hotels and other operating revenues, and lower Financial charges-net.

Quarter-on-Quarter Performance Drivers

QoQ revenue rose 10.124% to SAR 631.46 million (from SAR 573.40 million), driven by higher Hotels and other operating revenues, partially offset by a decline in Dividend income. Net profit attributable to shareholders increased 23.933% QoQ to SAR 333.23 million (from SAR 268.88 million), primarily driven by higher Other gains-net, increased Hotels and other operating revenues, and lower Financial charges-net. These gains were partially offset by higher Withholding and income tax, lower Share of results from equity-accounted investees, increased General, administrative and marketing expenses, higher Hotels and other operating costs, lower Dividend income, and higher Zakat.

Other Items

The external auditor issued an unmodified conclusion with no additional comments, reservations, or adverse opinions noted. Total comprehensive income attributable to shareholders surged 124.84% YoY to SAR 11,792,073 thousand for the six-month period, compared to SAR 5,244,639 thousand in the same period of the prior year, while total shareholders' equity (after deducting minority equity) stood at SAR 68,157,468 thousand, up 57.99% from SAR 43,140,168 thousand. Earnings per share for the current period were SAR 0.16, compared to SAR 0.23 in the same period of the prior year. No material risks, going concern uncertainties, debt covenant breaches, or accumulated losses were disclosed. No reclassification of comparison items was reported.

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