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26-06-21
Net profit of Saudi Tadawul Group increases 227 percent in 2020
(MENAFN)According to the owner and operator of the country’s stock market, Saudi Tadawul Group, its net profit increased 227 percent in last year from 2019, as revenue more than doubled with an improvement from trading commissions.
It further declared that it posted a profit after zakat or Islamic tax of 500.5 million riyals (USD133.5 million).
Unlisted Tadawul gave a peak of its profits before a planned initial public offering in the current year that will permit it to expand its position globally.
Saudi Arabia’s stock exchange changed itself into a holding company ahead of the listing.
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