Saudi Tadawul Group Holding Co., which operates the kingdom’s stock exchange, said on Monday its third-quarter net profit attributable to shareholders fell 41.8% to SR48.1 million, from SR82.7 million a year earlier.
Profit also dropped from SR92.1 million in the second quarter, according to preliminary results the company posted on the Saudi Exchange.
Operating revenue declined 8.1% to SR292.2 million in the three months to Sept. 30, from SR317.8 million a year earlier. Revenue from the capital markets segment fell 12.5%, and post-trade services revenue dropped 7.2%.
Together, those declines cut trading-related revenue by 14.6%, the company said.
Operating profit fell 53.1% to SR29.5 million from SR63 million.
Operating expenses excluding depreciation and amortization fell 3.8%. Higher depreciation and amortization charges lifted total operating expenses by 3.1%, which the company named as a main driver of the profit decline.
The quarterly profit was below the SR88.1 million average of analyst estimates, Asharq Business reported. It marked the group’s seventh straight quarterly profit decline and its lowest quarterly profit since it listed in 2021, according to the outlet.
For the first nine months of 2026, net profit fell 34.6% to SR195.8 million from SR299.4 million. Earnings per share dropped to SR1.63 from SR2.50.
Nine-month operating revenue fell 5.8% to SR909.3 million. Capital markets revenue dropped 13.4% to SR249.7 million as the average daily value of shares traded fell 11.1% and listing services revenue fell 14.3%.
Technology and data services revenue rose 5.8% to SR200.6 million, helped by higher data center hosting and market information revenue. Post-trade services revenue fell 5.7% to SR459 million.
The Public Investment Fund owns 60% of Saudi Tadawul Group. The results come as Saudi shares trade near their lowest levels since 2021, with the main index closing 2.65% lower at 9,438.50 points on Sunday.
