Kingdom Holdings Company announced earnings results for the fourth quarter and year ended December 31, 2014. The company has registered an increase by 15% in its net profit during the quarter. During the quarter, the company reported a net profit of SAR 266 million compared with SAR 231.2 million registered during the corresponding period of the previous year, with the company attributing the increase in profit to investment gains and lower financial costs. Gross operating profit for the quarter ended December 31, 2014 which amounted to SAR 431.5 million compared to the same quarter in 2013 of SAR 424.1 million representing an increase of 1.7%. Decent profits were due to investment gains and lower financial costs.

The consolidated net income for twelve months ended Dec. 31 2014 was SAR 869.1 million compared to the net income of SAR 742.5 million for the same period in 2013 representing an increase of 17.05%.