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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
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
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.
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Bloomberg
09/07/2013
The Saudi Stock Exchange (TADAWUL) would like to congratulate the public on the approach of the Holy month of Ramadan. On this occasion TADAWUL would like to draw the publics attention that the excha
Tadawul
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.