Latest news with #SaudiTadawulGroup
Argaam
3 days ago
- Business
- Argaam
Integrated system afoot to back decisions: Wamid CEO
Wamid, which is owned by the Saudi Tadawul Group, is working on harnessing modern technologies to boost investor experience by providing accurate data and analytical tools that help in making more efficient investment decisions, said CEO Yazeed Al-Domaiji, in an interview with Argaam. He added that artificial intelligence has become an indispensable tool in supporting innovation and developing the market.
Bloomberg
4 days ago
- Business
- Bloomberg
Enjoying a Very Healthy IPO Pipeline: Saudi Exchange CEO
Saudi Tadawul Group and the Hong Kong Exchange are co-hosting the Capital Markets Forum at the HKEX. It comes as Saudi Arabia and Hong Kong pursue deeper capital market ties in order to boost liquidity and stimulate cross-border investment on both sides. Saudi Exchange CEO, Mohammed Sulaiman Al-Rumaih joined Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche exclusively from Hong Kong. (Source: Bloomberg)
Zawya
28-04-2025
- Business
- Zawya
Saudi Tadawul Group's profits fall 40% in Q1-25
Riyadh – Saudi Tadawul Group Holding Company recorded 40.19% lower net profits at SAR 120.50 million in the first quarter (Q1) of 2025. The generated net profits were compared with SAR 201.50 million in the three-month period that ended on 31 March 2024, according to the financial statements. Revenues shrank by 15.32% year-on-year (YoY) to SAR 328.20 million in Q1-25 from SAR 387.60 million. The earnings per share (EPS) retreated to SAR 1 as of 31 March 2025 from SAR 1.68 in Q1-24. Quarterly, the Q1-25 profits grew by 3.78% from SAR 116.10 million in Q4-24, whereas the revenues declined by 5.22% from SAR 346.30 million. At the end of 2024, Saudi Tadawul Group registered an annual leap of 59.40% in net profit to SAR 621.80 million ($165.80 million), compared with SAR 390.10 million. Source: Mubasher
Business Recorder
28-04-2025
- Business
- Business Recorder
Gulf bourses little changed amid trade talks uncertainty
DUBAI: Stock markets in the Gulf were little changed on Sunday as uncertainty surrounding US-China tariff negotiations kept investors cautious, with many awaiting further corporate earnings reports. Saudi Arabia's benchmark index eased 0.1%, with the country's biggest lender Saudi National Bank losing 1.4%. Elsewhere, Saudi Tadawul Group - the owner of the Saudi Exchange - retreated 1.6% following a steep decline in first-quarter profit. In Qatar, the index edged 0.1% higher, helped by a 1.8% rise in petrochemical maker Industries Qatar.
Reuters
27-04-2025
- Business
- Reuters
Gulf bourses little changed amid trade talks uncertainty
April 27 (Reuters) - Stock markets in the Gulf were little changed on Sunday as uncertainty surrounding U.S.-China tariff negotiations kept investors cautious, with many awaiting further corporate earnings reports. U.S. President Donald Trump asserted in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate the trade war threatening to sap global growth. Saudi Arabia's benchmark index (.TASI), opens new tab eased 0.1%, with the country's biggest lender Saudi National Bank ( opens new tab losing 1.4%. Elsewhere, Saudi Tadawul Group ( opens new tab - the owner of the Saudi Exchange - retreated 1.6% following a steep decline in first-quarter profit. In Qatar, the index (.QSI), opens new tab edged 0.1% higher, helped by a 1.8% rise in petrochemical maker Industries Qatar ( opens new tab. Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab - which traded after a session's break - gained 0.7%, led by a 0.5% rise in Commercial International Bank ( opens new tab.
