Markets Saudi Tadawul Group reports Q2 profit drop on mounting costs By Reuters August 14, 2022, 9:05 AM Creative Commons Saudi Tadawul Group's net profit fell to SAR 137.7 million in Q2 2022 from SAR 181.1 million in the year-earlier period. Saudi Tadawul Group, the bourse’s owner and operator, on Sunday reported an almost 24 percent decline in second-quarter profit as expenses, including salaries, rose. Net profit in the quarter ended June 30 fell to SAR 137.7 million ($36.68 million) from a SAR 181.1 million in the year-earlier period. The group said operating expenditures increased 16.6 percent year-on-year to SAR 160.6 million in the quarter mainly because of an increase in salaries and related benefits. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
