It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs
Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn
The performance is attributed to a strong increase in exchange income from bank notes, pre-paid cards products, operating leverage and rise in transactions through digital channels
The company plans to list its shares for trading on the Dubai Financial Market next month