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Saudi Tadawul Group Holding Co. announces its annual financial results for the year ended on 31-12-2024

1446/09/02 02/03/2025 07:40:05

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 1,446.61,072.834.84
Gross Profit (Loss) 911.8606.850.26
Operational Profit (Loss) 566.1328.372.43
Net profit (Loss) 621.8390.159.4
Total Comprehensive Income 622.7387.960.53
Total Shareholders Equity (after Deducting Minority Equity) 3,491.73,157.510.58
Profit (Loss) per Share 5.183.25
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year Saudi Tadawul Group Holding Co. (the Group) achieved operating revenues of SAR 1,446.6 million in 2024, compared to SAR 1,072.8 million in the previous year, representing an increase of 34.8%.

The increase in the operating revenues during 2024 compared to previous year, is attributed to the increase in trading services and post-trade services revenues, as result of a 39.4% increase in trading values, in addition to a 29.4% increase in revenues from non-trading linked services.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The Group achieved a net profit after zakat of SAR 621.8 million in 2024, compared to SAR 390.1 million in the previous year, representing an increase of 59.4%.

The reasons for the increase in net profit after zakat for 2024 compared to previous year include:

- Operating revenues amounted to SAR 1,446.6 million in 2024, compared to SAR 1,072.8 million in the previous year, representing an increase of 34.8%. The increase in the operating revenues during 2024 compared to previous year, is attributed to the increase in trading services and post-trade services revenues, as result of a 39.4% increase in trading values, in addition to a 29.4% increase in revenues from non-trading linked services.

- Operating expenditures amounted to SAR 880.4 million in 2024, compared to SAR 744.5 million in the previous year, representing an increase of 18.3%. The increase in operating expenditures during 2024, compared to previous year, is primarily attributed to the consolidation of Direct Financial Network company financials, effective from May 7th, 2023, along with the rise in workforce cost due to an increase in headcount as per the Group’s plan.

The earnings per share amounted to SAR 5.18 in 2024, compared to SAR 3.25 in the previous year, representing an increase of 59.4%.

The gross profit amounted to SAR 911.8 million in 2024, compared to SAR 606.8 million in the previous year, representing an increase of 50.3%.

The operational profit amounted to SAR 566.1 million in 2024, compared to SAR 328.3 million in the previous year, representing an increase of 72.4%.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None.
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current period presentation.
Additional Information The total comprehensive income amounted to SAR 622.7 million in 2024, compared to SAR 387.9 million in the previous year, representing an increase of 60.5%.

The total shareholders' equity (after deducting the minority equity) amounted to SAR 3,491.7 million in 2024, compared to SAR 3,157.5 million in the previous year, representing an increase of 10.6%.

The Group is organized into business segments based on the services provided. The reportable revenues segments of the Group are as follows:

- Capital Markets Segment: Revenues in the Capital Markets segment increased by 37.5%, compared to the previous year, reaching SAR 461.3 million in 2024. This increase was primarily driven by a 39.4% increase in trading values, and a 27.3% increase in listing services revenues.

- Data and Technology Services Segment: Revenues in the data and technology services segment increased by 33.5% compared to the previous year, reaching SAR 219.6 million in 2024. This growth was primarily driven by an increase in co-location services revenues and the revenues contribution from the Direct Financial Network Company.

- Post-Trade Segment: Revenues in the Post-trade segment increased by 33.7% compared to the previous year, reaching SAR 765.7 million in 2024. This increase was primarily driven by a 39.4% increase in trading values, a 54.5% increase in net commission income on Saudi Central Bank (SAMA) bills and deposits, a 24.4% increase in depository services revenues, and a 10.2% increase in registry services revenues.
Attached Documents  

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