Kingdom Holding profit up at SAR 1.16B in 9M 2024; Q3 at SAR 347.1M

07/11/2024 Argaam Exclusive

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Kingdom Holding Co. (KHC) reported a net profit rise of 36.4% to SAR 1.16 billion in the first nine months of 2024, from SAR 856.2 million in a year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	1,974.01	1,823.87	(7.6 %)
Gross Income	1,240.28	1,056.38	(14.8 %)
Operating Income	1,972.22	2,057.93	4.3 %
Net Income	856.17	1,167.45	36.4 %
Average Shares	3,705.88	3,705.88	0.0 %
EPS (Riyals)	0.23	0.32	36.4 %

The investment company recorded an increase in the share of results from equity-accounted investees, lower finance charges, and a positive impact from reversal of impairment for equity accounted investee.

It also cited a rise in gains on the sale of investment property, lower withholding and income taxes, an increase in hotels and other operating revenues and a decrease in Zakat.

This came despite a decline in other gains; lower dividend income, higher general, administrative and marketing expenses, as well as an increase in hotels and other operating costs and a drop in finance income.

KHC’s revenues declined 7.6% year-on-year (YoY) during the nine-month period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	608.18	612.02	0.6 %
Gross Income	363.64	338.63	(6.9 %)
Operating Income	823.13	650.57	(21.0 %)
Net Income	391.18	347.06	(11.3 %)
Average Shares	3,705.88	3,705.88	0.0 %
EPS (Riyals)	0.11	0.09	(11.3 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	647.46	612.02	(5.5 %)
Gross Income	401.97	338.63	(15.8 %)
Operating Income	868.35	650.57	(25.1 %)
Net Income	624.20	347.06	(44.4 %)
Average Shares	3,705.88	3,705.88	-
EPS (Riyals)	0.17	0.09	(44.4 %)

The third-quarter net income dropped by 11.3% to SAR 347 million, from SAR 391.1 million hurt by a decline in net other income, KHC’s lower share of results from equity-accounted investees, and lower finance charges.

The company reported an increase in hotels and other operating costs, as well as increased general, administrative and marketing expenses.

KHC’s net income also fell by 44.4% from SAR 624.2 million in Q2 2024 on lower revenue.

Total shareholders’ equity, after minority interest, reached SAR 37.53 billion as of Sept. 30, 2024, up from SAR 30.94 billion in the corresponding period of 2023.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	453.29	(11.6 %)	132.44	(26.6 %)	(11.48)	(151.3 %)
Q2 2015	502.82	(14.2 %)	166.81	(24.3 %)	25.94	(52.9 %)
Q3 2015	481.76	1.3 %	176.13	12.3 %	16.66	112.6 %
Q4 2015	441.89	(20.2 %)	150.54	(12.4 %)	10.21	157.8 %
2015	1,879.75	(11.7 %)	625.91	(14.2 %)	41.32	(38.9 %)
Q1 2016	462.92	2.1 %	96.92	(26.8 %)	38.00	430.9 %
Q2 2016	432.99	(13.9 %)	105.97	(36.5 %)	9.77	(62.3 %)
Q3 2016	427.27	(11.3 %)	86.94	(50.6 %)	2.31	(86.2 %)
Q4 2016	481.14	8.9 %	88.04	(41.5 %)	7.93	(22.3 %)
2016	1,804.33	(4.0 %)	377.87	(39.6 %)	58.00	40.4 %
Q1 2017	387.79	(16.2 %)	80.67	(16.8 %)	16.48	(56.6 %)
Q2 2017	445.29	2.8 %	109.25	3.1 %	8.82	(9.7 %)
Q3 2017	512.41	19.9 %	137.94	58.7 %	(107.44)	(4761.2 %)
Q4 2017	385.00	(20.0 %)	120.39	36.7 %	(23.42)	(395.2 %)
2017	1,730.49	(4.1 %)	448.25	18.6 %	(105.56)	(282.0 %)
Q1 2018	475.50	22.6 %	124.22	54.0 %	50.73	207.9 %
Q2 2018	487.44	9.5 %	121.18	10.9 %	(63.38)	(818.3 %)
Q3 2018	433.24	(15.5 %)	152.44	10.5 %	45.22	142.1 %
Q4 2018	547.74	42.3 %	203.76	69.3 %	183.41	883.2 %
2018	1,943.92	12.3 %	601.59	34.2 %	215.98	304.6 %
Q1 2019	411.67	(13.4 %)	109.64	(11.7 %)	(72.75)	(243.4 %)
Q2 2019	413.03	(15.3 %)	176.13	45.3 %	36.65	157.8 %
Q3 2019	432.36	(0.2 %)	118.74	(22.1 %)	62.89	39.1 %
Q4 2019	449.64	(17.9 %)	192.14	(5.7 %)	75.61	(58.8 %)
2019	1,403.81	(27.8 %)	493.48	(18.0 %)	71.47	(66.9 %)
Q1 2020	333.47	(19.0 %)	71.69	(34.6 %)	(32.81)	54.9 %
Q2 2020	126.69	(69.3 %)	(18.36)	(110.4 %)	(88.27)	(340.8 %)
Q3 2020	183.66	(57.5 %)	(8.06)	(106.8 %)	(62.46)	(199.3 %)
Q4 2020	116.69	(74.0 %)	161.92	(15.7 %)	(186.01)	(346.0 %)
2020	554.18	(60.5 %)	0.86	(99.8 %)	(575.88)	(905.8 %)
Q1 2021	104.32	(68.7 %)	(6.85)	(109.6 %)	(62.55)	(90.7 %)
Q2 2021	167.91	32.5 %	44.19	340.7 %	(5.98)	93.2 %
Q3 2021	261.65	42.5 %	77.75	1064.7 %	9.86	115.8 %
Q4 2021	393.57	237.3 %	182.09	12.5 %	(24.83)	86.7 %
2021	927.45	67.4 %	297.17	34414.4 %	(83.49)	85.5 %
Q1 2022	318.31	205.1 %	118.51	1829.4 %	0.63	101.0 %
Q2 2022	354.20	111.0 %	123.30	179.0 %	21.55	460.7 %
Q3 2022	358.37	37.0 %	142.78	83.6 %	46.12	367.8 %
Q4 2022	429.77	9.2 %	174.46	(4.2 %)	52.56	311.7 %
2022	1,460.65	57.5 %	559.05	88.1 %	120.86	244.8 %
Q1 2023	360.88	13.4 %	116.49	(1.7 %)	(2.57)	(507.9 %)
Q2 2023	404.25	14.1 %	159.44	29.3 %	45.34	110.4 %
Q3 2023	608.18	69.7 %	363.64	154.7 %	823.13	1684.8 %
Q4 2023	447.40	4.1 %	(2.74)	(101.6 %)	(186.99)	(455.8 %)
2023	1,592.72	9.0 %	408.85	(26.9 %)	(108.23)	(189.6 %)
Q1 2024	357.92	(0.8 %)	109.30	(6.2 %)	(22.87)	(791.2 %)
Q2 2024	647.46	60.2 %	401.97	152.1 %	868.35	1815.3 %
Q3 2024	612.02	0.6 %	338.63	(6.9 %)	650.57	(21.0 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	2,128.51	6.0 %	729.42	6.1 %	67.59	2231.6 %
2015	1,879.75	(11.7 %)	625.91	(14.2 %)	41.32	(38.9 %)
2016	1,804.33	(4.0 %)	377.87	(39.6 %)	58.00	40.4 %
2017	1,730.49	(4.1 %)	448.25	18.6 %	(105.56)	(282.0 %)
2018	1,943.92	12.3 %	601.59	34.2 %	215.98	304.6 %
2019	1,403.81	(27.8 %)	493.48	(18.0 %)	71.47	(66.9 %)
2020	554.18	(60.5 %)	0.86	(99.8 %)	(575.88)	(905.8 %)
2021	927.45	67.4 %	297.17	34414.4 %	(83.49)	85.5 %
2022	1,460.65	57.5 %	559.05	88.1 %	120.86	244.8 %
2023	1,592.72	9.0 %	408.85	(26.9 %)	(108.23)	(189.6 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	139.38	10.3 %	0.04	-	139.38	0.04
Q2 2015	238.30	12.6 %	0.06	-	238.30	0.06
Q3 2015	291.55	10.0 %	0.08	-	291.55	0.08
Q4 2015	37.91	(85.7 %)	0.01	(370.00)	407.91	0.11
2015	707.14	(18.6 %)	0.19	(370.00)	1,077.14	0.29
Q1 2016	114.52	(17.8 %)	0.03	-	114.52	0.03
Q2 2016	(79.98)	(133.6 %)	(0.02)	-	(79.98)	(0.02)
Q3 2016	(354.96)	(221.7 %)	(0.10)	(233.78)	(121.18)	(0.03)
Q4 2016	(29.56)	(178.0 %)	(0.01)	-	(29.56)	(0.01)
2016	(349.98)	(149.5 %)	(0.09)	(233.78)	(116.19)	(0.03)
Q1 2017	129.09	12.7 %	0.03	234.83	(105.74)	(0.03)
Q2 2017	216.30	370.5 %	0.06	203.58	12.72	0.00
Q3 2017	247.54	169.7 %	0.07	529.96	(282.42)	(0.08)
Q4 2017	70.63	338.9 %	0.02	-	70.63	0.02
2017	663.57	289.6 %	0.18	968.37	(304.80)	(0.08)
Q1 2018	143.04	10.8 %	0.04	(63.75)	206.79	0.06
Q2 2018	242.67	12.2 %	0.07	(375.67)	618.34	0.17
Q3 2018	248.55	0.4 %	0.07	196.37	52.18	0.01
Q4 2018	47.37	(32.9 %)	0.01	(88.43)	135.80	0.04
2018	681.63	2.7 %	0.18	(331.48)	1,013.11	0.27
Q1 2019	244.16	70.7 %	0.07	(122.84)	367.00	0.10
Q2 2019	143.60	(40.8 %)	0.04	(14.60)	158.20	0.04
Q3 2019	86.80	(65.1 %)	0.02	80.00	6.80	0.00
Q4 2019	18.36	(61.2 %)	0.00	(42.70)	61.06	0.02
2019	420.17	(38.4 %)	0.11	(100.14)	520.31	0.14
Q1 2020	(50.11)	(120.5 %)	(0.01)	-	(50.11)	(0.01)
Q2 2020	(1126.76)	(884.7 %)	(0.30)	(500.00)	(626.76)	(0.17)
Q3 2020	(192.73)	(322.0 %)	(0.05)	-	(192.73)	(0.05)
Q4 2020	(97.20)	(629.3 %)	(0.03)	266.03	(363.24)	(0.10)
2020	(1466.80)	(449.1 %)	(0.40)	(233.97)	(1232.83)	(0.33)
Q1 2021	91.06	281.7 %	0.02	-	91.06	0.02
Q2 2021	412.25	136.6 %	0.11	-	412.25	0.11
Q3 2021	108.69	156.4 %	0.03	-	108.69	0.03
Q4 2021	405.43	517.1 %	0.11	-	405.43	0.11
2021	1,017.43	169.4 %	0.27	-	1,017.43	0.27
Q1 2022	5,925.62	6407.4 %	1.60	5,873.91	51.71	0.01
Q2 2022	427.15	3.6 %	0.12	-	427.15	0.12
Q3 2022	354.80	226.4 %	0.10	-	354.80	0.10
Q4 2022	250.30	(38.3 %)	0.07	-	250.30	0.07
2022	6,957.87	583.9 %	1.88	5,873.91	1,083.96	0.29
Q1 2023	171.07	(97.1 %)	0.05	-	171.07	0.05
Q2 2023	293.93	(31.2 %)	0.08	-	293.93	0.08
Q3 2023	391.18	10.3 %	0.11	114.02	277.15	0.07
Q4 2023	157.07	(37.2 %)	0.04	140.51	16.56	0.00
2023	1,013.24	(85.4 %)	0.27	254.53	758.71	0.20
Q1 2024	196.19	14.7 %	0.05	123.46	72.74	0.02
Q2 2024	624.20	112.4 %	0.17	-	624.20	0.17
Q3 2024	347.06	(11.3 %)	0.09	-	347.06	0.09

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	869.07	17.1 %	0.23	-	869.07	0.23
2015	707.14	(18.6 %)	0.19	(370.00)	1,077.14	0.29
2016	(349.98)	(149.5 %)	(0.09)	(233.78)	(116.19)	(0.03)
2017	663.57	289.6 %	0.18	968.37	(304.80)	(0.08)
2018	681.63	2.7 %	0.18	(331.48)	1,013.11	0.27
2019	420.17	(38.4 %)	0.11	(100.14)	520.31	0.14
2020	(1466.80)	(449.1 %)	(0.40)	(233.97)	(1232.83)	(0.33)
2021	1,017.43	169.4 %	0.27	-	1,017.43	0.27
2022	6,957.87	583.9 %	1.88	5,873.91	1,083.96	0.29
2023	1,013.24	(85.4 %)	0.27	254.53	758.71	0.20

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	32.93 %	13.70 %	42.64 %
Q2 2015	31.62 %	12.55 %	45.76 %
Q3 2015	32.49 %	12.25 %	46.95 %
Q4 2015	33.30 %	11.72 %	57.30 %
2015	33.30 %	11.72 %	57.30 %
Q1 2016	31.25 %	14.08 %	55.69 %
Q2 2016	29.10 %	13.44 %	40.34 %
Q3 2016	24.95 %	13.80 %	18.20 %
Q4 2016	20.94 %	14.93 %	(6.44 %)
2016	20.94 %	14.93 %	(6.44 %)
Q1 2017	20.91 %	15.20 %	(19.46 %)
Q2 2017	20.95 %	17.89 %	(14.00 %)
Q3 2017	22.77 %	10.40 %	(22.17 %)
Q4 2017	25.90 %	5.55 %	(17.61 %)
2017	25.90 %	5.55 %	(17.61 %)
Q1 2018	27.05 %	8.13 %	0.43 %
Q2 2018	27.08 %	0.43 %	32.97 %
Q3 2018	29.09 %	9.86 %	53.22 %
Q4 2018	30.95 %	23.44 %	52.12 %
2018	30.95 %	23.44 %	52.12 %
Q1 2019	31.22 %	17.56 %	62.41 %
Q2 2019	35.55 %	23.30 %	39.50 %
Q3 2019	33.70 %	23.13 %	37.00 %
Q4 2019	34.96 %	16.08 %	34.75 %
2019	35.15 %	17.34 %	37.06 %
Q1 2020	34.31 %	17.21 %	10.80 %
Q2 2020	27.14 %	13.20 %	(45.38 %)
Q3 2020	21.71 %	6.54 %	(73.94 %)
Q4 2020	27.24 %	(28.05 %)	(162.11 %)
2020	0.16 %	(75.72 %)	(222.46 %)
Q1 2021	24.21 %	(47.45 %)	(205.45 %)
Q2 2021	33.39 %	(30.70 %)	(9.20 %)
Q3 2021	42.58 %	(20.35 %)	38.24 %
Q4 2021	32.04 %	4.64 %	109.70 %
2021	32.04 %	4.64 %	109.70 %
Q1 2022	37.02 %	9.50 %	85.69 %
Q2 2022	37.78 %	10.97 %	74.79 %
Q3 2022	39.78 %	12.43 %	86.99 %
Q4 2022	38.27 %	21.82 %	74.21 %
2022	38.27 %	21.82 %	74.21 %
Q1 2023	37.06 %	21.49 %	80.05 %
Q2 2023	38.19 %	22.47 %	68.89 %
Q3 2023	45.15 %	63.14 %	55.04 %
Q4 2023	34.98 %	57.53 %	41.67 %
2023	25.67 %	16.35 %	47.64 %
Q1 2024	34.64 %	56.72 %	36.33 %
Q2 2024	42.32 %	88.38 %	48.07 %
Q3 2024	41.03 %	-	51.36 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	34.27 %	15.41 %	40.83 %
2015	33.30 %	11.72 %	57.30 %
2016	20.94 %	14.93 %	(6.44 %)
2017	25.90 %	5.55 %	(17.61 %)
2018	30.95 %	23.44 %	52.12 %
2019	35.15 %	17.34 %	37.06 %
2020	0.16 %	(75.72 %)	(222.46 %)
2021	32.04 %	4.64 %	109.70 %
2022	38.27 %	21.82 %	74.21 %
2023	25.67 %	16.35 %	47.64 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	29.22 %	8.24 %	30.75 %
Q2 2015	33.17 %	14.93 %	47.39 %
Q3 2015	36.56 %	12.15 %	60.52 %
Q4 2015	34.07 %	11.18 %	92.31 %
Q1 2016	20.94 %	17.94 %	24.74 %
Q2 2016	24.47 %	12.35 %	(18.47 %)
Q3 2016	20.35 %	13.50 %	(28.36 %)
Q4 2016	18.30 %	15.62 %	(6.14 %)
Q1 2017	20.80 %	19.75 %	(27.27 %)
Q2 2017	24.54 %	22.94 %	2.86 %
Q3 2017	26.92 %	(12.47 %)	(55.12 %)
Q4 2017	31.27 %	(4.89 %)	18.35 %
Q1 2018	26.12 %	27.02 %	43.49 %
Q2 2018	24.86 %	(7.75 %)	126.85 %
Q3 2018	35.19 %	23.95 %	12.04 %
Q4 2018	37.20 %	47.70 %	24.79 %
Q1 2019	26.63 %	0.68 %	89.15 %
Q2 2019	42.64 %	12.80 %	38.30 %
Q3 2019	27.46 %	23.25 %	1.57 %
Q4 2019	42.73 %	26.29 %	13.58 %
Q1 2020	21.50 %	2.61 %	(15.03 %)
Q2 2020	(14.49 %)	(39.71 %)	(494.71 %)
Q3 2020	(4.39 %)	(2.79 %)	(104.94 %)
Q4 2020	138.77 %	(142.76 %)	(311.29 %)
Q1 2021	(6.57 %)	(28.86 %)	87.29 %
Q2 2021	26.32 %	15.50 %	245.52 %
Q3 2021	29.71 %	14.62 %	41.54 %
Q4 2021	46.26 %	2.24 %	103.01 %
Q1 2022	37.23 %	11.08 %	16.25 %
Q2 2022	34.81 %	17.89 %	120.60 %
Q3 2022	39.84 %	19.44 %	99.00 %
Q4 2022	40.59 %	34.99 %	58.24 %
Q1 2023	32.28 %	10.97 %	47.40 %
Q2 2023	39.44 %	22.11 %	72.71 %
Q3 2023	59.79 %	141.27 %	45.57 %
Q4 2023	(0.61 %)	13.28 %	3.70 %
Q1 2024	30.54 %	6.47 %	20.32 %
Q2 2024	62.08 %	135.88 %	96.41 %
Q3 2024	55.33 %	-	56.71 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	3,705.88	0.24	0.24	8.32
Q2 2015	3,705.88	0.25	0.25	8.40
Q3 2015	3,705.88	0.25	0.25	7.76
Q4 2015	3,705.88	0.19	0.29	7.72
Q1 2016	3,705.88	0.18	0.28	7.15
Q2 2016	3,705.88	0.10	0.20	7.15
Q3 2016	3,705.88	(0.08)	0.09	7.32
Q4 2016	3,705.88	(0.09)	(0.03)	7.62
Q1 2017	3,705.88	(0.09)	(0.09)	7.73
Q2 2017	3,705.88	(0.01)	(0.07)	8.00
Q3 2017	3,705.88	0.15	(0.11)	8.30
Q4 2017	3,705.88	0.18	(0.08)	8.51
Q1 2018	3,705.88	0.18	0.00	8.29
Q2 2018	3,705.88	0.19	0.17	8.37
Q3 2018	3,705.88	0.19	0.26	8.32
Q4 2018	3,705.88	0.18	0.27	7.54
Q1 2019	3,705.88	0.21	0.32	7.91
Q2 2019	3,705.88	0.18	0.19	8.18
Q3 2019	3,705.88	0.14	0.18	8.12
Q4 2019	3,705.88	0.13	0.16	8.49
Q1 2020	3,705.88	0.05	0.05	7.12
Q2 2020	3,705.88	(0.29)	(0.16)	7.42
Q3 2020	3,705.88	(0.36)	(0.22)	7.36
Q4 2020	3,705.88	(0.40)	(0.33)	8.31
Q1 2021	3,705.88	(0.36)	(0.29)	8.73
Q2 2021	3,705.88	0.06	(0.01)	8.83
Q3 2021	3,705.88	0.14	0.07	8.77
Q4 2021	3,705.88	0.27	0.27	8.34
Q1 2022	3,705.88	1.85	0.26	8.93
Q2 2022	3,705.88	1.85	0.27	8.80
Q3 2022	3,705.88	1.92	0.33	7.77
Q4 2022	3,705.88	1.88	0.29	8.29
Q1 2023	3,705.88	0.32	0.32	8.71
Q2 2023	3,705.88	0.29	0.29	8.44
Q3 2023	3,705.88	0.30	0.27	8.35
Q4 2023	3,705.88	0.27	0.20	9.49
Q1 2024	3,705.88	0.28	0.18	10.00
Q2 2024	3,705.88	0.37	0.27	9.72
Q3 2024	3,705.88	0.36	0.29	10.13

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	3,705.88	0.23	0.23	8.70
2015	3,705.88	0.19	0.29	7.72
2016	3,705.88	(0.09)	(0.03)	7.62
2017	3,705.88	0.18	(0.08)	8.51
2018	3,705.88	0.18	0.27	7.54
2019	3,705.88	0.11	0.14	8.49
2020	3,705.88	(0.40)	(0.33)	8.31
2021	3,705.88	0.27	0.27	8.34
2022	3,705.88	1.88	0.29	8.29
2023	3,705.88	0.27	0.20	9.49

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	85.20	85.20	2.44
Q2 2015	89.56	89.56	2.61
Q3 2015	71.37	71.37	2.32
Q4 2015	82.80	54.36	2.05
Q1 2016	64.91	42.08	1.67
Q2 2016	More than 100	56.09	1.55
Q3 2016	NEG	More than 100	1.40
Q4 2016	NEG	NEG	1.58
Q1 2017	NEG	NEG	1.39
Q2 2017	NEG	NEG	1.23
Q3 2017	69.20	NEG	1.27
Q4 2017	49.93	NEG	1.05
Q1 2018	49.34	More than 100	1.09
Q2 2018	45.86	52.63	1.04
Q3 2018	45.21	33.62	1.03
Q4 2018	42.41	28.53	1.03
Q1 2019	41.43	27.64	1.11
Q2 2019	42.28	40.53	0.95
Q3 2019	55.45	43.34	0.96
Q4 2019	56.76	47.18	0.89
Q1 2020	More than 100	More than 100	0.89
Q2 2020	NEG	NEG	0.92
Q3 2020	NEG	NEG	1.12
Q4 2020	NEG	NEG	0.96
Q1 2021	NEG	NEG	0.92
Q2 2021	More than 100	NEG	1.18
Q3 2021	77.17	More than 100	1.22
Q4 2021	36.79	36.79	1.21
Q1 2022	5.38	37.70	1.11
Q2 2022	4.97	34.34	1.05
Q3 2022	4.47	25.66	1.10
Q4 2022	4.12	26.46	0.93
Q1 2023	24.11	24.11	0.90
Q2 2023	27.08	27.08	0.93
Q3 2023	23.88	26.62	0.85
Q4 2023	26.15	34.92	0.75
Q1 2024	26.27	41.30	0.74
Q2 2024	18.68	25.81	0.71
Q3 2024	27.84	34.77	0.98

Period	P/E	Adjusted P/E	Price/book
2014	77.18	77.18	2.08
2015	82.80	54.36	2.05
2016	NEG	NEG	1.58
2017	49.93	NEG	1.05
2018	42.41	28.53	1.03
2019	66.59	53.77	0.89
2020	NEG	NEG	0.96
2021	36.79	36.79	1.21
2022	4.12	26.46	0.93
2023	26.15	34.92	0.75

Business Segments (Million)

Compared With The

Period	Intellectual Property Investments	Operating Hotels	Real Estate	Other segments	Health Care Sector
Q1 2015	242.57	252.61	219.81	-	-
Q2 2015	235.31	395.99	199.26	-	-
Q3 2015	362.25	379.66	123.24	-	-
Q4 2015	498.17	286.48	296.75	-	-
Q1 2016	173.06	316.21	-	39.04	112.17
Q2 2016	35.28	295.41	-	29.28	103.81
Q3 2016	-	358.23	-	31.56	37.47
Q4 2016	(481.32)	365.49	-	22.76	94.56
Q1 2017	274.13	279.17	-	25.24	83.38
Q2 2017	94.89	324.40	16.31	24.39	80.19
Q3 2017	37.97	326.63	88.72	22.14	74.93
Q4 2017	218.51	144.28	130.79	22.80	87.14
Q1 2018	37.55	255.51	119.19	23.60	77.20
Q2 2018	344.50	279.09	113.05	24.42	70.89
Q3 2018	48.36	239.32	98.14	24.33	71.45
Q4 2018	212.81	333.14	115.31	22.59	76.70
Q1 2019	517.42	204.55	111.65	21.13	74.34
Q2 2019	50.53	206.14	112.24	21.00	73.65
Q3 2019	(384.77)	255.13	85.94	24.22	67.07
Q1 2020	57.29	150.58	98.81	20.48	70.78
Q2 2020	94.98	2.09	53.86	13.36	50.15
Q3 2020	116.71	9.99	56.50	27.64	89.60
Q1 2021	70.57	18.49	69.24	16.58	-
Q2 2021	253.55	71.40	80.51	15.99	-
Q3 2021	76.63	187.16	59.35	15.14	-
Q4 2021	180.16	249.88	128.70	15.00	-
Q1 2022	131.73	171.64	128.39	18.28	-
Q2 2022	415.28	237.23	98.61	18.36	-
Q3 2022	286.45	252.57	92.55	17.74	-
Q4 2022	189.76	262.94	151.78	18.82	-
Q1 2023	309.37	198.20	143.54	21.02	-
Q2 2023	291.34	261.65	119.83	20.89	-
Q3 2023	227.99	254.65	104.61	20.94	-
Q4 2023	142.62	253.52	312.27	20.95	-
Q1 2024	206.48	198.15	136.09	23.68	-
Q2 2024	246.48	270.45	106.76	23.78	-
Q3 2024	214.05	295.46	78.76	23.74	-

Period	Intellectual Property Investments	Operating Hotels	Real Estate	Other segments	Health Care Sector
2014	1,024.16	1,722.16	651.56	-	-
2015	1,338.30	1,314.74	839.06	-	-
2016	(387.61)	1,335.34	469.48	122.64	348.01
2017	625.49	1,074.47	235.82	94.57	325.63
2018	643.22	1,107.05	445.69	94.94	296.24
2019	525.12	1,097.56	218.97	87.28	-
2020	475.30	198.46	273.92	81.80	-
2021	580.91	526.94	337.80	62.71	-
2022	1,023.22	924.37	471.33	73.20	-
2023	971.32	968.02	680.24	83.80	-

Financial Ratios

	Current
Market Cap (M Riyal)	34,872.35
Enterprise Value (EV) (M)	47,889.89
Shares Outstanding ((M))	3,705.88
EPS ( Riyal) (TTM)	0.36
Book Value (BV) ( Riyal)	10.13
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	32.88
P/E (TTM)	26.33
Price/book	0.93
Return on Average Assets (%) (TTM)	2.5
Return on Average Equity (%) (TTM)	3.9

Kingdom Holding Co. (KINGDOM)

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Kingdom Holding profit up at SAR 1.16B in 9M 2024; Q3 at SAR 347.1M

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Financials (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

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Per Share Data (Riyal)

Per Share Data (Riyal)

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Revenue by Business Segment (Latest) 2024 Q3

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Kingdom Holding Co. (KINGDOM)

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Kingdom Holding profit up at SAR 1.16B in 9M 2024; Q3 at SAR 347.1M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Kingdom Holding Co. (KINGDOM)

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Business Segments (Million)