Riyadh – Mubasher: Kingdom Holding Company has achieved net profits worth SAR 268.88 million during the first quarter (Q1) of 2026, signaling a 37.70% decrease from SAR 431.61 million in Q1-25.
The earnings per share (EPS) stood at SAR 0.07 in Q1-26 when compared with SAR 0.12 in Q1-25, according to the interim income statements.
The CEO of Kingdom Holding, Talal Ibrahim Almaiman, said: “We began 2026 with a solid operational performance across our core business segments, supported by the resilience of our diversified portfolio and the strength of our underlying assets.”
The company’s revenue totaled SAR 573.40 million during January-March 2026, which came 22.67% lower than SAR 741.50 million in Q1-25.
Almaiman elaborated: “Our hospitality platform continued to deliver growth, while our equity investments maintained strong contributions, reflecting the quality and breadth of our portfolio. At the same time, we continued to strengthen our financial position, enhancing our ability to navigate volatility and act selectively on emerging opportunities.”
In terms of Kingdom Holding’s investments following Q1-26, the CEO said: “Subsequent to the quarter, we announced one key strategic transaction, the agreement to acquire a majority stake in Al Hilal Football Club Company, which boasts one of the largest fan bases in the Middle East and remains one of the region’s most influential sports brands, reinforcing our focus on accessing differentiated opportunities and further diversifying our investment platform.”
Kingdom Holding noted that it would pay SAR 840 million for the majority stake based on an implied enterprise value of around SAR 1.40 billion.
On a quarterly basis, the net profits registered in Q1-26 were 47.49% lower than SAR 512.06 million in Q4-25, while the revenues decreased by 18.36% from SAR 702.37 million.
The CFO of Kingdom Holding, Adel Abdulaziz Alabdulsalam, said: “In 1Q-26, we delivered a net profit of SAR 269 million, supported by stable contributions from our core portfolio and continued financial discipline.”
Alabdulsalam added: “A key highlight for the quarter was the further strengthening of our balance sheet, with a reduction in net debt by SAR 1.40 billion driven by strong cash generation and proceeds from investment activities. This was accompanied by a continued decline in financial charges, which decreased by 14% year-on-year (YoY), reflecting our ongoing focus on optimizing the group’s funding structure.”
In 2025, Kingdom Holding’s net profits attributable to the shareholders hit SAR 2.14 billion, while the revenues reached SAR 2.69 billion.
The company stressed that it remains committed to balancing growth and capital distribution, noting that the board of directors recommended a cash dividend of SAR 0.28 per share for the full year 2025, representing 2.80% of the nominal value, which will be presented for shareholder approval at the ordinary general meeting (OGM) scheduled for 11 May 2026.
