The cumulative net income of 166 companies listed on the Saudi Stock Exchange, or Tadawul, totaled SAR23.6bn, or $6.3bn, in the first quarter of 2019, constituting a decrease of 9.7% from SAR26.1bn, or $7bn in the first quarter of 2018. Listed banks generated net profits of $3.8bn and accounted for 59.8% of total net earnings in the covered period. Basic materials companies followed with $1.4bn (22.2%), then telecommunications firms with $785.7m (12.5%), retailers with $138m (2.2%), energy firms with $124m (2%), the food & beverage industry with $99.2m (1.6%), healthcare firms with $56.3m and real estate management & development companies with $54m (0.9% each), insurers with $53m and diversified financial services providers with $48.1m (0.8% each), and transportation companies $36.4m (0.6%). Further, the net earnings of media firms increased by 6.85 times year-on-year in the first quarter of 2019, followed by insurers (+46%), telecommunications firms (+22%), the food & beverages industry (+21.4%), banks (+12.7%), diversified financial services providers (+12.2%), retailers (+9%), and energy firms (+5%). In contrast, the profits of capital goods companies fell by 69% year-on-year in the first quarter of 2019, followed by real estate management & development firms (-44.9%), basic materials companies (-43.3%), consumer services firms (-41%), healthcare providers (-31.4%), commercial & professional services providers (-20.6%), food & staples retailers (-18.2%), and transportation firms (-6%). Further, the net losses of utilities firms widened by 19.4% year-on-year in the covered period.  
Source: KAMCO