Riyadh - Mubasher: The data of the Saudi Stock Exchange (Tadawul) showed that Baazeem Trading reported a rise in profits by 5.4% year-on-year in the first quarter of 2017.

The company said in a statement to Tadawul on Sunday that profits reached SAR 6.2 million in Q1-17 compared to SAR 5.89 million in Q1-16.

The company attributed the rise in profits to its efforts in decreasing purchasing costs, as well as obtaining preferential prices from suppliers.