Saudi Tadawul Group reports 24 pct drop in profit

Published: Updated:
Enable Read mode
100% Font Size

Saudi Tadawul Group, the bourse’s owner and operator, on Sunday reported an almost 24 percent decline in second-quarter profit as expenses, including salaries, rose.

For the latest headlines, follow our Google News channel online or via the app.


Net profit in the quarter ended June 30 fell to 137.7 million riyals ($36.68 million) from a 181.1 million riyals in the year-earlier period.

The group said operating expenditures increased 16.6 percent year on year to 160.6 million riyals in the quarter mainly because of an increase in salaries and related benefits.

Read more:

Saudi Aramco profit soars on higher prices and refining margins

Aramco, Sinopec sign MoU to collaborate on projects in Saudi Arabia

Valvoline to sell its global products arm to Saudi’s Aramco in $2.65 bln deal

Top Content Trending