Tadawul earnings surge in ‘pivotal year’ for Saudi stock market

Tadawul earnings surge in ‘pivotal year’ for Saudi stock market:

The Saudi Stock Exchange, Tadawul, enjoyed a surge in revenue and profit last year, boosted by increased interest by foreign institutIons, greater diversification of the range of services offered to investors and cost controls.

Tadawul yesterday published its annual report for 2017 — under the theme “expansion and diversification” — showing a 543 percent increase in net profits to SR130 million, on consolidated revenues 74 percent ahead at AR545.4 million.

Earnings before interest, tax, depreciation and amortization (ebitda) rose nearly 300 percent to SR72.5 million.