Net profit at Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, fell by half in the first quarter of 2026, amid a drop in average daily trading values and listing service revenues.
For the first three months of the year net profit fell 53 percent to SAR56 million ($15 million), compared to SAR121 million a year ago, the company said in a filing to the Saudi Stock Exchange.
Operating revenue declined 10 percent year on year to SAR295 million. However, operating expenses increased 16 percent to support the group’s growth plans, increasing depreciation…
