The Saudi Tadawul Holding Group recorded a 14.81% increase in net profits in the third quarter of 2023, compared to the same quarter of 2022. Supporting operational revenues.
According to the company's data on the Tadawul website, today, Sunday, net profit after zakat and tax rose to 102.3 million riyals, compared to profits amounting to 89.1 million riyals for the third quarter of last year.
Tadawul Group attributed the increase in net profits to the increase in operating income. As a result of the increase in revenues from technology and data services, in addition to the increase in non-operating activities, in light of the increase in investment income.
On a quarterly basis, the group’s profits declined by 2.76% compared to the previous quarter’s profits, which amounted to 105.2 million riyals.
The Tadawul Group’s results for the first nine months of 2023 showed a decline in net profits to 298.3 million riyals, compared to 367.4 million riyals, during the same period last year.
