| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue from Special Commissions/Financing & Investments | 2,668 | 2,161 | 23.461 | 2,606 | 2.379 |
| Net Income from Special Commissions/Financing & Investments | 2,034 | 1,717 | 18.462 | 1,963 | 3.616 |
| Total Operation Profit (Loss) | 2,762 | 2,281 | 21.087 | 2,670 | 3.445 |
| Net Profit (Loss) | 1,506 | 945 | 59.365 | 1,500 | 0.4 |
| Total Comprehensive Income | 1,374 | 926 | 48.38 | 1,783 | -22.938 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Revenue from Special Commissions/Financing & Investments | 7,705 | 6,052 | 27.313 |
| Net Income from Special Commissions/Financing & Investments | 5,806 | 4,870 | 19.219 |
| Total Operation Profit (Loss) | 8,012 | 6,584 | 21.688 |
| Net Profit (Loss) | 4,491 | 2,704 | 66.087 |
| Total Comprehensive Income | 5,228 | 2,503 | 108.869 |
| Total Share Holders Equity (after Deducting Minority Equity) | 39,242 | 36,750 | 6.78 |
| Assets | 250,573 | 225,966 | 10.889 |
| Investments | 51,314 | 47,726 | 7.517 |
| Loans and Advances Portfolio (Financing & Investment) | 166,275 | 145,761 | 14.073 |
| Customer Deposits | 177,672 | 159,245 | 11.571 |
| Profit (Loss) per Share | 1.5 | 0.9 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Quarter Compared to Same Quarter Last Year is Attributed to | Net income were higher because of increase in total operating income by 21.1%, mainly driven by higher net special commission income, fee and commission income, net and gains on disposals of non-trading investments. The total operating expenses were lower by 2.4 %, mainly due to lower impairment charge for credit losses and other financial assets, net. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | Net income increased marginally because of higher total operating income by 3.5% mainly due to increase in net special commission income and fee and commission income, net, partially offset by drop in gains on disposals of non-trading investments. The total operating expenses increased by 8.5 % mainly due to increase in other general and administrative expenses and lower reversals on impairment charge for investments, net in the current quarter. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to | Net income increased because of higher total operating income by 21.7% mainly due to increase in net special commission income and fee and commission income, net and disposal gains on the non-trading portfolio. The decrease in total operating expenses was 2.8%, mainly resulting from lower impairment charge in current period. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | Starting from the quarter ended 30 June 2019, Zakat is to be accrued at end of each financial reporting period and recognized in consolidated statement of income with a corresponding liability recognized in the consolidated statement of financial position in accordance with International Financial Reporting Standard (IFRS) and other standards and pronouncements endorsed by SOCPA. In addition to the above, some items have been re-classified. |
| Additional Information | The net income before zakat for the 3 month and 9 month period ended 30 September 2019 was SAR 1,676 million ( 30 September 2018: SAR 1,165 million) and SAR 4,991 million( 30 September 2018: SAR 3,364 million) respectively. The net income before zakat for the 3 month period ended 30 June 2019 was SAR 1,670 million. |
Basicanddilutedearningspersharefortheperiodended30September2019and2018arecalculatedbydividingthenetincomeafterzakatfortheperiod by 3,000 million outstanding shares.
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