Saudi bourse’s quarterly revenue falls on decrease buying and selling providers, itemizing charges By Reuters

© Reuters. FILE PHOTO: Saudi girl walks on the Saudi inventory market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. REUTERS/Ahmed Yosri//File Picture

DUBAI (Reuters) – Saudi Tadawul Group, the dominion’s inventory trade operator, posted a 21.7% decline in first quarter internet revenue on Sunday on a slowdown in buying and selling providers and itemizing charges.

The bourse reported a internet revenue after tax and zakat of 140.6 million riyals ($37.48 million) within the three months to March 31, down from 179.6 million riyals in the identical interval final yr, based on a bourse submitting.

Tadawul went public in December, elevating 3.78 billion riyals from buyers in a list that was 121 instances oversubscribed.

The Saudi inventory market is the Arab world’s largest. Its listed corporations have a market capitalisation of almost $3.2 trillion.

($1 = 3.7509 riyals)

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