Saudi Tadawul Group first quarter profit halves

Net profit at Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, fell by half in the first quarter of 2026, amid a drop in average daily trading values and listing service revenues.

For the first three months of the year net profit fell 53 percent to SAR56 million ($15 million), compared to SAR121 million a year ago, the company said in a filing to the Saudi Stock Exchange.

Operating revenue declined 10 percent year on year to SAR295 million. However, operating expenses increased 16 percent to support the group’s growth plans, increasing depreciation and amortisation costs.

Revenues in the capital markets segment declined 21 percent year on year to SAR80 million between January and March. The fall was primarily driven by a 16 percent drop in average daily trading values and a 20 percent drop in listing services revenues.

The Saudi bourse’s capitalisation reached almost $10 trillion by the end of March, the statement said.

CEO Khalid Al-Hussan said the group will remain focused on executing its strategic priorities by deepening liquidity, expanding its product offering and leveraging data and technology to support sustainable growth.

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There are 476 listed companies on the Main Market (Tasi) and Nomu-Parallel Market (including REITs) and 4,669 registered qualified foreign investors.

In March the company’s board proposed a dividend payout of SAR276 million, or 23 percent of the capital, subject to shareholder approval.

Tadawul Group stock closed 3.6 percent lower at SAR136.10 on Monday at 01:08 pm Riyadh time, down 3 percent so far this year. The Public Investment Fund owns 60 percent of the company.