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.
