Saudi Tadawul Group awards $36.8mln project to construction firm

Reuters Images/Faisal Al Nasser

The project covers the fit-out works on designated floors of the group’s new headquarters (HQ) at King Abdullah Financial District (KAFD) in Riyadh

Staff Writer, Mubasher

October 7, 2022

PHOTO

Riyadh – Saudi Tadawul Group Holding Company has awarded a project worth SAR 137.98 million to Construction & Planning Company on 6 October 2022.

The project covers the fit-out works on designated floors of the group’s new headquarters (HQ) at King Abdullah Financial District (KAFD) in Riyadh, according to a bourse filing.

During the first half (H1) of 2022, Saudi Tadawul Group reported net profits after Zakat and tax of SAR 278.30 million, an annual drop of 23.12% from SAR 362 million.

The listed company generated revenues worth SAR 592.10 million in H1-22, lower by 8.33% year-on-year (YoY) than SAR 645.90 million.

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