The net quarterly profits of “Saudi Tadawul Group Holding” (1111) exceeded SAR 140 million, marking a 37.2% YoY hike.
Details
Tadawul, which operates the Saudi stock market, the largest exchange in the Arab world, attributed its high profits to several factors, including increased operational revenues from July to September 2024.
Revenues mentioned above amounted to approximately SAR 359 million, a 20.6% YoY growth from the same quarter the year before.
So what
The group witnessed a rise in trading and post-trading services revenue during the third thanks to an increase in trading services and post-trade services revenues.
Tadawul saw a 17.4% YoY increase in trading values and a 22.6% YoY hike in non-trading linked services revenues during Q3 2024.
Some context
The group’s net profits surged to 505.7 million Riyals in the first nine months (9M) of 2024, compared to SAR 298.3 during the same period in 2023.
Earnings per share rose to SAR 4.2, compared to 2.49 Riyals in 9M 2023.
