| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
248.1
|
227.8
|
8.91
|
238.8
|
3.89
|
| Total profit (loss) operation income\ Investments |
763
|
638.6
|
19.48
|
717.9
|
6.28
|
| Net profit (loss) special commission income\ Investments |
448.8
|
361.7
|
24.08
|
430.8
|
4.18
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
716.2
|
586.2
|
22.18 |
| Total profit (loss) operation income\ Investments |
2,175.4
|
1,907.1
|
14.07 |
| Net profit (loss) special commission income\ Investments |
1,272.1
|
1,044.1
|
21.84 |
| Earning or loss per share, Riyals |
1.19
|
0.98
|
- |
| Total Assets |
62,533
|
55,646
|
12.38 |
| Investments |
5,872
|
3,042
|
93.03 |
| Loans and advances portfolio |
41,815
|
36,247
|
15.36 |
| Customer deposit |
46,402
|
41,244
|
12.51 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net income has increased due to the increase in total operating income by 19.5%, which has resulted due to the increase in the income from investment and financing activities net, other operating income , fee and commission , net exchange income , gains on non-trading investments and dividend income. Total operating expenses have increased by 26% due to the increase in impairment for financing assets, other general and administrative expenses , staff expenses , depreciation , rent and premises related expenses. However impairment on investments, have decreased. |
| Reasons of increase (decrease) for period compared with same period last year | Net income has increased. The increase is due to the increase in total operating income by 14%, which has resulted due to the increase in net income from investment and financing assets activities , other income , gains on non-trading investments and fee and commission net. However net exchange income and dividend income have decreased. Total operating expenses have increased by 11% due to the increase in impairment for financing assets , Other general and administrative expenses , staff expenses and depreciation. However, impairment on investments and rent and premises related expenses have decreased. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income has increased due to the increase in total operating income by 6.3%, which has resulted due to the increase in the income from investment and financing activities net, fee and commission , other operating income , net exchange income and dividend income. However , Gains on non-trading investments have decreased. Total operating expenses have increased by 7.7% due to increase in impairment of financing assets , other general and administrative expenses and depreciation. However , staff expenses and rent and premises related expenses and have decreased. |
| Reclassifications in quarterly financial results | Some items have been re-classified |
| Other notes | Gross Income from investing and financing assets for the three-month period ended 30 September 2017 is SAR 548 million as compared to SAR 467 million in corresponding quarter of last year, an increase of 17.3% Gross Income from investing and financing assets for the nine-month period ended 30 September 2017 is SAR 1,547 million as compared to SAR 1,296 million in corresponding period of last year, an increase of 19.4% Total comprehensive income for the nine months period ended 30 September 2017 is SAR 771 million as compared to SAR 596 million for last year, with an increase of 29%. Total comprehensive income for the three months period ended 30 September 2017 is SAR 303 million as compared to SAR 214 million in corresponding period of last year, an increase of 42% and compared to SAR 247 million for the three months ended in 30 June 2017 an increase of 22.7 % . Total shareholders' equity ( Excluding minority rights) as at 30 September 2017 is SAR 7.6 billion compared to SAR 6.9 billion for same period of last year, an increase of 10%. |
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.