Saudi Tadawul Group Holding Co. announces its interim financial results for the period ending on 31-03-2024 (Three Months)

Saudi Tadawul Group Holding Co. announces its interim financial results for the period ending on 31-03-2024 (Three Months)

Element List Explanation The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Saudi Tadawul Group Holding Co. (the Group) achieved operating revenues of SAR 387.6 million in Q1 2024, compared to SAR 224.3 million in Q1 2023, representing an increase of 72.8%. The increase in the operating revenues during Q1 2024 compared to Q1 2023, is attributed to the increase in trading services and post-trade services revenues, as result of a 113.3% increase in trading values, along with an increase in data and technology services revenues by 49.5%. The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The Group achieved a net profit after zakat of SAR 201.5 million in Q1 2024, compared to SAR 90.8 million in Q1 2023, representing an increase of 121.9%. The reasons for the increase in net profit for Q1 2024 compared to Q1 2023 include: - Operating revenues amounted to