| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue from Special Commissions/Financing & Investments | 869.2 | 769.7 | 12.927 | 889.4 | -2.271 |
| Net Income from Special Commissions/Financing & Investments | 730.5 | 597.1 | 22.341 | 735.3 | -0.652 |
| Total Operation Profit (Loss) | 1,004.2 | 921.4 | 8.986 | 1,041 | -3.535 |
| Net Profit (Loss) before Zakat and Income Tax | 300.7 | 316.5 | -4.992 | 366.3 | -17.908 |
| Net Profit (Loss) | 270 | 284.9 | -5.229 | 327.1 | -17.456 |
| Total Comprehensive Income | 110.8 | 435.5 | -74.557 | 351.3 | -68.46 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 9,539.7 | 8,270.7 | 15.343 |
| Assets | 88,497.9 | 72,901.5 | 21.393 |
| Investments | 11,924.3 | 8,332.4 | 43.107 |
| Loans and Advances Portfolio (Financing & Investment) | 62,579.4 | 51,404.1 | 21.74 |
| Customer Deposits | 68,377.3 | 57,590.9 | 18.729 |
| Profit (Loss) per Share | 0.36 | 0.38 | |
| 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 has decreased by 5%, due to the increase in total operating expenses by 16% due to the increase in impairment charge for credit and other financial assets, staff expenses , other general and administrative expenses and depreciation & amortization. |
However, total operating income has increased by 9%, which has resulted due to the increase in net income from investment and financing activities, net exchange income and dividend income. However, gains / (loss) from investments, other operating income and fee and commission income have decreased.
Total operating expenses have increased by 4% due to the increase in impairment charge for credit and other financial assets. However, other general and administrative expenses, staff expenses, depreciation and amortization have decreased.
The restated statement of income, including the impact of the change in the Bank's accounting policy for reporting zakat, resulted in a decrease of previously reported net income for the period ending 31 March, 2019 which resulted a decrease of earnings per share from SAR 0.53 to SAR 0.38.
Earnings per share is calculated by dividing the net income after zakat for the period ended 31 March 2020 and 31 March 2019 by the weighted average outstanding number of shares adjusted for treasury shares, which is 746 million shares, to give a retroactive effect of change in the number of shares increased as a result of the bonus shares issued.
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.