| Saudi Tadawul profit surges 60% on higher trading value
March 3, 2025-Saudi Tadawul Group, the owner and operator of the kingdom's stock exchange, reported a 59 percent jump in 2024 profit, as annual trading value and listing services revenues rose by 38 percent and 27 percent, respectively. |
| Net profit was SAR622 million ($166 million) compared to SAR390 million in 2023, the company said in a bourse filing on Sunday.
The average daily traded value reached SAR7.5 billion last year and 58 new securities were listed, taking the total to 353, the company said. |
| GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future June 19, 2025-Economic growth across the Gulf Cooperation Council (GCC) is projected to increase in the medium-term to 3.2% in 2025 and 4.50% in 2026. This growth is likely to be driven by the expected rollback of OPEC+ oil production cuts and robust expansion of non-oil sectors. |