The profits of the Saudi trading group land by more than 40% in the first quarter 2025

Readnotules -1 Published: April 27, 2025 05:57 Last Update: April 27, 2025 05:57 Profits of the Saudi Tadawal group, which in the first quarter of 2025 men next to the main entrance of the Saudi Financial Market “Tadawul” in the Saudi capital, Riyadh -Source: Source: Source: Source: Market “Tadawul” Capital, Riyadh -Source: Bloomberg rejected the profits of the Saudi Tadawul group with more than 40% of the first quarter of this year, compared to the same period last year, registered approximately 120.5 million rows. The group, the main operator of the Saudi financial markets, attributed this decline mainly to the decline in turnover by 15%, due to the decline in trade revenue and to -stray services, in conjunction with the decline in the market trading by 33.8%. She pointed out that this decline was partially compensated by the growth of services that did not relate to 17.3%. On the other hand, operational expenses contributed to the pressure on profits, which rose 13% year -on -year. The company attributes this increase to future expansion and growth strategies, which are reflected in the high cost of the workforce as a result of the expansion of the number of employees, in addition to increasing the maintenance of systems. Stories classifications can interest you in this most read article