Tadawul Group’s profits rise to 622 million riyals by the end of 2024, by 59%

The net profit of the Saudi Tadawul Group Holding Company increased to 622 million riyals by the end of 2024, compared to 390 million riyals in 2023 by 59%, following the announcement today of the preliminary financial results for the period ending on December 31, 2024.

The operating profit amounted to 566 million riyals by the end of 2024, compared to 328 million riyals in the year before last, an increase of 72%.

The equity (after excluding non-controlling interests) in the current year amounted to 3.4 billion riyals, compared to 3.15 billion riyals in 2023, an increase of 11%.

The earnings per share for the current year amounted to 5.18 riyals, compared to 3.25 riyals in 2023.

The company said in a statement today on “Tadawul” that it achieved operating revenues of 1,446.6 million riyals in 2024, compared to 1,072.8 million riyals in the previous year, representing an increase of 34.8%.

The reason for the increase in operating revenues during 2024, compared to the previous year, is due to the increase in trading services revenues and post-trading services, as a result of the increase in trading values ​​by 39.4%, in addition to the increase in revenues of services not related to trading by 29.4%.