{
  "id": 17762061,
  "title": "Kingdom Holding Posts 906M SAR Nine-Month Profit",
  "url": "https://urgent.news/2026/11/02/kingdom-holding-posts-906m-sar-nine-month-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T07:04:50.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/02/kingdom-holding-906m-sar-nine-month-profit/"
  },
  "original_language": "en",
  "account": "Saudi Arabia's Kingdom Holding Company reported a net profit of 906.3 million SAR for the nine months ending September 30, 2026, marking a 44.4% decline from 1.63 billion SAR in the same period last year. The drop appears steeper due to a one-time impairment reversal in the previous year. Quarterly earnings were down 61.7% in Q3 2026, compared to 61.7% in the same quarter in 2025. Despite the profit decline, revenue grew 36% year-on-year to 850.3 million SAR, driven by stronger hotel revenues and higher dividend income. Gross profit fell 14.8% to 1.04 billion SAR, while operating profit dropped 28.4% to 1.71 billion SAR. The nine-month period included gains from the sale of an equity-accounted investee and investment properties, which were not repeated in 2026. Earnings per share for the period stood at 0.24 SAR, down from 0.44 SAR in the prior-year period. Management will present the full nine-month results and take investor questions in an earnings call on November 3, 2026. Investors should note that the profit decline is largely a base effect, with revenue growth being real and accelerating. However, cost pressure is building, with higher hotel operating costs, rising zakat, and increased financial charges squeezing margins. The 39% rise in shareholders' equity may reflect fair value gains in the investment portfolio, but this does not always translate into cash returns.",
  "summary": "Riyadh, Saudi Arabia — Kingdom Holding Company reported net profit attributable to shareholders of 906.3 million SAR for the nine months ending September 30, 2026. That marks a 44.4% drop from 1.63 billion SAR in the same period last year. A one-off impairment reversal recorded in the prior year inflated the 2025 comparison base, making […] The post Kingdom Holding Posts 906M SAR Nine-Month…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}