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Billionaire Alwaleed’s Kingdom Holding Posts 10% Rise in Profit

Kingdom Holding Co., owned by Saudi billionaire Prince Alwaleed bin Talal, said fourth-quarter profit gained 10 percent as the value of its investments rose. Net income increased to 231.2 million riyals  from 209.6 million riyals in the same period a year earlier, the company said today in a statement, without…

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