The Saudi Stock Exchange Company achieved a rise in net profit to reach 153.3 million riyals by the end of 2019, compared to a net profit of 148.2 million riyals at the end of 2018. p>
According to Arabia Net, the company achieved revenues during the past year amounting to 564.74 million riyals, a decrease of 3.2%, as revenue from trading commissions represented about 56.3% of the total revenue, while 21.8% of revenue is through securities depository services.
Earnings per share for the year 2019 amounted to about 1.28 riyals, compared to the previous year at 1.23 riyals per share, and this comes despite the decline in the overall quarter for the period by about 6.7% as a result of declining revenue Activity and increase in operating costs, according to Al-Eqtisadiah.
The financial market is a joint stock company authorized to operate as a stock market in Saudi Arabia and is one of the companies 100% owned by the Public Investment Fund.
According to the company’s annual report, Tadawul ranks among the top 10 financial markets in the world in terms of market value, while it represents the highest ratio in terms of the market value to GDP ratio The aggregate among the largest emerging markets is 309%.
