Saudi Tadawul Group reported a 53% YoY decline in net profit for Q1 2026, totalling SAR 56M ($15M), down from SAR 121M. This significant decrease followed a drop in average daily trading values and revenues from listing services as detailed in a filing to the Saudi Stock Exchange.
Operating revenue also decreased, falling 10% to SAR 295M. Operating expenses surged by 16% to facilitate growth initiatives, leading to higher depreciation and amortisation costs.
The capital markets segment experienced a 21% revenue drop to SAR 80M, with average daily trading values and listing service revenues declining by 16% and 20% respectively.
Despite these challenges, the Saudi bourse’s total capitalisation reached nearly $10T by March FY26.
The Board of Tadawul recommended a dividend payout of SAR 276M: equivalent to 23% of capital pending shareholder approval.
Shares of Tadawul Group fell 3.6% to SAR 136.10, reflecting a 3% decline year to date.
The Public Investment Fund retains a 60% ownership stake in the group.
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