Saudi Arabia's Al Tayyar Travel Group said it has registered an 8.6 per cent jump in its net profit for the third quarter, driven by higher sales.

The company made a net profit of SR265 million ($70.7 million) in the three months to September 30, up from SR244 million in the prior-year period, according to a bourse filing.

Al Tayyar, whose founder Nasser bin Aqeel Al Tayyar stepped down as vice chairman and managing director on September 1, said quarterly sales rose eight per cent year-on-year thanks to more branches as well as acquisitions.-Reuters