| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,711.8 | 1,514.6 | 13.019 | 1,635.1 | 4.69 |
| Total Income From Special Commission of Investment | 496.7 | 539.1 | -7.864 | 435.2 | 14.131 |
| Net Income From Special Commission of Financing | 607.9 | 509.7 | 19.266 | 660.5 | -7.963 |
| Net Income From Special Commission of Investment | 103.2 | 140.1 | -26.338 | 101.2 | 1.976 |
| Total Operations Profit (Loss) | 1,098.4 | 1,020.7 | 7.612 | 1,101.8 | -0.308 |
| Net Profit (Loss) before Zakat and Income Tax | 458.4 | 379.4 | 20.822 | 436.1 | 5.113 |
| Net Profit/(Loss) | 400.1 | 332.7 | 20.258 | 382.1 | 4.71 |
| Total Comprehensive Income | 492.8 | 711.7 | -30.757 | 322.1 | 52.995 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 587.3 | 557 | 5.439 | 574.1 | 2.299 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 54 | 87.6 | -38.356 | 97 | -44.329 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Income From Special Commission of Financing | 4,931.7 | 4,269.6 | 15.507 |
| Total Income From Special Commission of Investment | 1,428.8 | 1,549.7 | -7.801 |
| Net Income From Special Commission of Financing | 1,902.7 | 1,535.8 | 23.889 |
| Net Income From Special Commission of Investment | 324 | 363.5 | -10.866 |
| Total Operations Profit (Loss) | 3,279.5 | 2,812.1 | 16.621 |
| Net Profit (Loss) before Zakat and Income Tax | 1,306.5 | 1,084.9 | 20.425 |
| Net profit (Loss) | 1,143.2 | 950.7 | 20.248 |
| Total Comprehensive Income | 1,565 | 1,069.5 | 46.33 |
| Assets | 163,428 | 145,405 | 12.395 |
| Investments | 38,143 | 36,273 | 5.155 |
| Loans And Advances Portfolio (Financing And Investment) | 107,812 | 92,710 | 16.289 |
| Clients' deposits | 115,283 | 103,349 | 11.547 |
| Total Shareholders Equity (after Deducting Minority Equity) | 21,637 | 17,599 | 22.944 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,727.1 | 1,557 | 10.924 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 253.9 | 183.2 | 38.591 |
| Profit (Loss) per Share | 0.79 | 0.66 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is | Net financing and investment income has increased by 9% due to an increase in income from investments and financing by 8%. This increase is mainly due to higher income from financing and investment which increased primarily as a result of portfolio growth against a lower income from shariah complaint derivatives and due from banks and other financial institutions. |
On the other hand, return on deposits and financial liabilities has increased by 7%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and due to banks and other financial institutions against a decrease in return on shariah compliant derivatives.
Also, total operating expenses have slightly decreased by 1% mainly due to a decrease in net impairment charge for financing and other financial assets and rent and premises related expenses against an increase in salaries and employee-related expenses, other operating expenses, other general and administrative expenses and depreciation and amortization expenses.
The increase in net income was partially offset by higher zakat charge during the quarter and a decrease in share in net income of an associate.
On the other hand, income from investments and financing has increased by 7%. This was mainly due to higher income from financing and shariah compliant derivatives.
On the other hand, operating income has slightly decreased by 0.3% mainly due to a decrease in net financing and investment income, dividend income, other operating income and net exchange income against an increase in net gains on FVIS financial instruments, net gains on derecognition of financial assets at amortized cost and fees from banking services.
The increase in net income was also offset by higher zakat charge during the quarter and a decrease in share in net income of an associate.
On the other hand, return on deposits and financial liabilities has increased by 5% mainly due to an increase in return on customers deposits and due to banks and other financial institutions against a decrease in return on shariah compliant derivatives.
On the other hand, total operating expenses have increased by 14% mainly due to an increase in salaries and employee-related expenses, other general and administrative expenses, absence of impairment reversal for other real estate, net impairment charge for financing and other financial assets and other operating expenses against a decrease in depreciation and amortization expenses and rent and premises related expenses.
The increase in net income was also offset by higher zakat charge for the period and a decrease in share in net income of an associate.
Certain items have been re-classified to conform to current period presentation.
2-Earnings per share for the comparative periods have been recalculated to reflect the increase in the bank’s capital from 1,025 million shares to 1,281 million shares due to issue of bonus shares in the ratio of one share for every four shares as approved in the extraordinary general assembly meeting held on 28 April 2025.
3- The Extraordinary General Assembly Meeting held on 11 December 2024, approved the Employee Share Plan for which 4.5 million shares (Pre bonus issue) have been purchased as treasury shares for allocating them under the Employee Share Plan.
4- Total Tier 1 Sukuk issued by the bank amounting to SAR 6.8 billion are included as part of total Equity.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.