Saudi’s Tadawul achieves net profit after zakat of $37.49mln in Q1

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RIYADH — Saudi Tadawul Group Holding Co., a leading diversified capital markets group in the MENA region, announced its financial results for Q1 2022, highlighting its continued commitment to strengthening its global position through several new market updates, launches, and investments.

The group achieved a net profit after zakat of SR140.6 million in Q1 2022, a 21.7% YoY decrease from SR179.6 million in Q1 2021, and a 27.3% increased from SR110.5 million in Q4 2021, as following:

Operating Revenue decreased 11.6% YoY reaching SR293.9 million in Q1 2022 compared to SR332.4 million in Q1 2021, predominantly due to a decrease in trading and post trade services driven by normalization of trading volumes which contracted 22.1%.

Compared to SR257.5 million in in the previous quarter, the operating revenue increased 14.1%, predominantly due to an increase in trading and post trade services driven by a stronger trading environment.

Operating Expenditures…

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