| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Revenue from Special Commissions/Financing & Investments | 917 | 845.2 | 8.495 | 898.7 | 2.036 |
| Net Income from Special Commissions/Financing & Investments | 830.2 | 693.1 | 19.78 | 760.1 | 9.222 |
| Total Operation Profit (Loss) | 999.5 | 959.2 | 4.201 | 1,004.2 | -0.468 |
| Net Profit (Loss) before Zakat and Income Tax | 354.2 | 339 | 4.483 | 300.7 | 17.791 |
| Net Profit (Loss) | 318.1 | 304.9 | 4.329 | 270 | 17.814 |
| Total Comprehensive Income | 684.7 | 558.1 | 22.684 | 110.8 | 517.96 |
| 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 | 1,815.7 | 1,648.8 | 10.122 |
| Net Income from Special Commissions/Financing & Investments | 1,590.3 | 1,324.1 | 20.104 |
| Total Operation Profit (Loss) | 2,003.7 | 1,880.7 | 6.54 |
| Net Profit (Loss) before Zakat and Income Tax | 654.9 | 655.5 | -0.091 |
| Net Profit (Loss) | 588.1 | 590 | -0.322 |
| Total Comprehensive Income | 795.4 | 993.7 | -19.955 |
| Total Share Holders Equity (after Deducting Minority Equity) | 9,852.3 | 8,831 | 11.564 |
| Assets | 88,824.2 | 76,965.8 | 15.407 |
| Investments | 12,826 | 9,210.9 | 39.248 |
| Loans and Advances Portfolio (Financing & Investment) | 64,922.7 | 53,621.7 | 21.075 |
| Customer Deposits | 64,875.7 | 59,315.4 | 9.374 |
| Profit (Loss) per Share | 0.79 | 0.79 | |
| 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 increased due to the increase in total operating income by 4%, due to the increase in net income from investment and financing activities, net exchange income. However, gains / (loss) from investments, fee and commission income, other operating income and dividend income have decreased. |
Total operating expenses have increased by 4%, due to the increase in salaries and employee related benefits, net impairment charge for expected credit losses, depreciation & amortization. However, other general and administrative expenses have decreased.
Total operating income has decreased by 0.5% due to the decrease in gains / (loss) from investments and other operating income. However, income from investment and financing activities, net exchange income and dividend income have increased.
Total operating income has increased by 7%, due to the increase in net income from investment and financing activities and net exchange income. However, gains / (loss) from investments, fee and commission income, other operating income and dividend income have decreased.
Net impairment charge for expected credit losses for the three months period ended 30 June 2020 is SAR 151 million, as compared to SAR 204 million in the previous quarter ended 31 March 2020 with an decrease by 26%.
Net impairment charge for expected credit losses for the six months period ended 30 June 2020 is SAR 354 million, as compared to SAR 263 million in the corresponding period of last year with an increase by 35%.
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