DUBAI: Saudi Arabia's Al-Tayyar Travel Group posted an 8.6 percent rise in third-quarter net profit on Tuesday, driven by higher sales.

The company made a net profit of SR265 million ($70.7 million) in the three months to Sept. 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 Sept. 1, said quarterly sales rose 8 percent year-on-year thanks to more branches as well as acquisitions.