Saudi Tadawul Q1 Profit Falls 54%

Saudi Tadawul Group posted Q1 net profit of SAR 56 million, a 54% YoY drop and 40% below consensus.
Revenue fell 10% YoY to SAR 297 million, missing forecasts by 6% due to weaker capital markets and post‑trade income.
Higher zakat charges and increased expected credit loss allowances added pressure, while profit fell 45% from the prior quarter.
Average daily trading volume rose to SAR 5.0 billion but stayed under SAR 6.0 billion Q1‑2025 level; nine new listings were added.