The financial statements of the Saudi Tadawul Group Company showed a decline in the group's profits in the first quarter of this year by 21.7% on an annual basis.
According to the company's results for the Saudi market, today, Sunday, the profits for the period amounted to 140.6 million riyals, compared to profits for the first quarter of last year, which amounted to 179.6 million riyals.
The company said that the decrease in profits during the comparison periods is due to a decrease in operating revenues by 11.6% to reach 293.9 million riyals, compared to 332.4 million riyals for the same period in 2021.
On the other hand, the company's general assembly approved, in its meeting held last Thursday, the distribution of cash dividends of 360 million riyals to shareholders for the year 2021, at a rate of 3 riyals The share of the dividend from the distribution represents 30% of the nominal share value.
