Riyadh – Mubasher: The banks listed on the Saudi Stock Exchange (Tadawul) acquired 41% of the listed firms' total profits during the first half of 2017, Albilad Capital’s report showed on Tuesday.

The materials’ sector share in profits of listed companies tumbled to 26.1% from 27.7% in H1-16, the report added, noting that the utilities sector's performance improved after its stake soared to 13% from 3% in the same half last fiscal year, after the Saudi Electricity Company (SEC) generated exceptional profits.

The profits of the listed firms on Tadawul rose 10% during H1-17, compared to H1-16.