15 Hrs
Source:
الاقتصادية
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Trading's quarterly profits fall 4 percent
Saudi Tadawul Group's net profits declined by more than 4% in the second quarter of 2026, reaching 92 million SAR. This was still higher than analysts' expectations, which stood at 72.4 million SAR. The decrease is primarily due to a 4.7% rise in operating expenses, especially depreciation and amortization costs. Despite this, the group's quarterly revenues increased by over 1% to 323 million SAR, driven by the continued implementation of growth strategies and revenue diversification. Revenue from the Technology and Data Services sector grew by 13.7%, while non-trading services increased by 4.2%. The company announced the repurchase of 1.22 million shares as part of its employee incentive program, and the General Assembly approved a dividend payout of 276 million SAR to shareholders. Founded in 2007, Tadawul is one of the leading providers of financial market services in Saudi Arabia, with a market value of 14.4 billion SAR. The Public Investment Fund holds the largest stake, accounting for 60%.
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