Riyadh- Mohammed Jamous

The companies listed on the Saudi stock market recorded profits during the second quarter of 230.4 billion riyals during the period, compared to about 135.8 billion riyals in the same period last year, an increase of 94.6 billion riyals (an increase of 70%), according to economic reports.

The profits of the ten largest companies in the Saudi stock market amounted to 216.8 billion riyals during the second quarter, representing about 94.1% of the total profitability of companies in the main market.

The profits of the ten largest companies in the Saudi stock market amounted to 216.8 billion riyals during the second quarter. The growth came mainly as a result of higher profits in the energy sector thanks to Saudi Aramco, as well as the banking sector, which recorded record profits, and growth in the basic materials sector supported by petrochemical companies.

The real estate management and development sector topped the list of companies whose profits declined during the second quarter of 2022, as its profits fell to 50 million riyals compared to about 400 million during the same period of the previous year.

Real estate management and development sector topped the list of companies whose profits declined during the second quarter of the current year 2022.

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Basic Materials Sector

Profits: About 18.2 billion riyals.

Growth: 25.4%.

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Banks

Profits: 15.1 billion riyals.

Growth: 34.1%.

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Recipients

Profits: 3.3 billion riyals.

Growth: 7.6%.

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Food production and segmentation

Profits: 1.444 billion riyals.

Growth: 22%.

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Aramco tops corporate earnings

Profits: 181.6 billion riyals

Growth: 90.3%.

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Profits of the real estate management and development sector

Q2 2022 profits around 50 million riyals.

Q2 2021 profits are around 400 million riyals.