GulfBase Live Support

Tadawul profit up 74% to SR265m

15/04/2015 08:27 AST

Saudi Arabia's Tadawul stock market reported a 74 percent jump in net profit in 2014, aided by higher income from trading, it said in a statement.

The company made a net profit of SR265 million ($70.7 million) in 2014, according to a statement posted on the bourse website.

Revenue generated by the bourse rose 41 percent to SR487 million in 2014, aided by an increase in the value of shares traded - the average daily value of trading volumes rose to SR8.6 billion from SR5.5 billion in 2013, it said.

Last year, the Tadawul's chief executive said the company was looking to go public, without giving a timeframe for the initial share sale.

Saudi Arabia's Capital Market Authority has announced it will open the stock market to direct investment by foreign institutions in the first half of this year.

Reuters

News

Tadawul group eyes more M&A to boost capital markets

20/02/2025

Saudi Tadawul Group said it's targeting more mergers and acquisitions as it looks to further develop the local capital market and draw in foreign investors.

The owner of the Saudi stock excha

Bloomberg

APPOINTING A CEO FOR THE SAUDI STOCK EXCHANGE

22/03/2016

With reference to Tadawul's announcement dated on 30/01/1437H corresponding to 2015/11/12 , for the appointment of Mr. Khalid Abdullah Al Hussan as an acting CEO of Tadawul, the CMA Board of Commissi

Tadawul

Saudi Tadawul set to hire banks for IPO of biggest Arab bourse

08/05/2014

Saudi Arabia's stock exchange plans to sell shares in an initial public offering as the Arab world's largest bourse seeks to gradually open up to foreigners and boost institutional investment.
<

Bloomberg