Markets Saudi Tadawul Group reports Q2 profit drop on mounting costs By Reuters August 14, 2022 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.
