| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total income from Special Commissions/Financing & Investments | 2,327 | 2,534 | -8.168 | 2,300 | 1.173 |
| Net Income from Special Commissions/Financing & Investments | 2,146 | 2,116 | 1.417 | 2,096 | 2.385 |
| Total Operation Profit (Loss) | 2,978 | 2,709 | 9.929 | 2,824 | 5.453 |
| Net Profit (Loss) before Zakat and Income Tax | 1,710 | 1,195 | 43.096 | 1,529 | 11.837 |
| Net Profit (Loss) | 1,512 | 1,063 | 42.238 | 1,354 | 11.669 |
| Total Comprehensive Income | 1,823 | 2,989 | -39.009 | 1,373 | 32.774 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total income from Special Commissions/Financing & Investments | 4,627 | 5,142 | -10.015 |
| Net Income from Special Commissions/Financing & Investments | 4,242 | 4,105 | 3.337 |
| Total Operation Profit (Loss) | 5,802 | 5,594 | 3.718 |
| Net Profit (Loss) before Zakat and Income Tax | 3,238 | 2,854 | 13.454 |
| Net Profit (Loss) | 2,865 | 2,539 | 12.839 |
| Total Comprehensive Income | 3,196 | 1,864 | 71.459 |
| Total Share Holders Equity (after Deducting Minority Equity) | 44,551 | 40,786 | 9.231 |
| Assets | 317,266 | 295,083 | 7.517 |
| Investments | 57,122 | 53,962 | 5.855 |
| Loans and Advances Portfolio (Financing & Investment) | 204,743 | 187,651 | 9.108 |
| Clients' deposits | 202,453 | 199,987 | 1.233 |
| Profit (Loss) per Share | 0.96 | 0.85 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net income increased by 42.2% mainly due to higher total operating income coupled with lower total operating expenses . Total operating income was higher by 9.9% mainly due to higher fee and commission income,net , gains on disposal of non-trading investments, net and net special commission income, partially offset by lower exchange income, net. The total operating expenses were lower by 16.4% due to lower impairment charge for credit losses and other financial assets, net, partially offset by higher other general and administrative expenses and salaries and employee-related expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Net income increased by 11.7% mainly due to higher total operating income coupled with slight drop in total operating expenses. Total operating income was higher by 5.5% mainly due to increase in fee and commission income, net, trading gains, net and net special commission income partially offset by decrease in gains on disposal of non-trading investments. Total operating expenses were lower by 1.9 %, driven by a decrease in Impairment charge for investments, net, and other operating expenses partially offset by increase in other general and administrative expenses. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income increased by12.8% mainly due to higher total operating income coupled with lower total operating expenses. Total operating income was higher by 3.7% mainly due to higher net special commission income, gains on disposal non trading investments, net, fee and commission, net partially offset by decrease in exchange and trading income, net. The total operating expenses were lower by 7.2%, resulting from lower impairment charge for credit losses and other financial assets,net partially offset by increase in other general and administrative expenses. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | None |
| Additional Information | Impairment charge for credit losses, net for the three months period ended 30 June 2021 was SAR 229 million, as compared to SAR 570 million in the corresponding period of last year( a decrease of 59.8%) and SAR 249 million for the three months ended 31 March 2021 ( a decrease of 8%). |
Impairment charge for credit losses, net for the six months period ended 30 June 2021 was SAR 479 million, as compared to SAR 873 million in the corresponding period of previous year(a decrease of 45.2%).
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