Alinma Bank announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total Revenue from Special Commissions/Financing & Investments	1,465	1,290	13.565	1,378	6.313
Net Income from Special Commissions/Financing & Investments	1,160	987	17.527	1,080	7.407
Total Operation Profit (Loss)	1,441	1,212	18.894	1,364	5.645
Net Profit (Loss)	713	637	11.93	676	5.473
Total Comprehensive Income	739	628	17.675	722	2.354
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	4,151	3,589	15.658
Net Income from Special Commissions/Financing & Investments	3,233	2,826	14.401
Total Operation Profit (Loss)	4,095	3,552	15.287
Net Profit (Loss)	2,026	1,810	11.933
Total Comprehensive Income	2,119	1,786	18.645
Total Share Holders Equity (after Deducting Minority Equity)	21,931	20,212	8.504
Assets	128,010	120,206	6.492
Investments	22,745	17,641	28.932
Loans and Advances Portfolio (Financing & Investment)	90,785	83,171	9.154
Customer Deposits	99,837	89,868	11.092
Profit (Loss) per Share	1.36	1.21
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 increased due to the increase of total operating income by 19%, mainly due to the increase in net income from financing and investments in addition to increase in the income from FVIS Investment and exchange income Partly offset by the lower income from fees from banking services.

On the other hand, the total operating expenses increased by 17% due to the increase in the General & Admin, depreciation and the employees related expenses partly offset by lower Rental expenses.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to Net income increased mainly due to the increase in net income from financing and investment by 7%.

On the other hand, the total operating expenses increased by 6% due to the higher General & Admin expenses and employees related expenses partly offset by lower provision for impairments.Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to Net income increased due to the increase of total operating income by 15%, mainly due to the increase in net income from financing and investments in addition to increase in income from FVSI and Exchange Income .

On the other hand, the total operating expenses increased by 8% mainly due to higher employee costs, depreciation and other general expenses, partly offset by the lower provision and rent expense.Basis of the External Auditor's Opinion Unmodified opinionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NoneReclassification of Comparison Items In pursuance of complying with IFRSs that are endorsed in KSA, the Bank has amended its accounting policy to charge the zakat expense for the period to the consolidated statement of income whereas the corresponding liability will continue to be recognized in the consolidated statement of financial position. Previously, zakat and income tax was charged directly to the consolidated statement of changes in equity.

Moreover, some of the previous period numbers have been reclassified to conform current period presentation.Additional Information For calculation of earning per share, 10 million treasury shares have been excluded.

Net income before zakat reached to SAR 792 million for the current quarter compared to SAR 653 million in the similar quarter of the previous year with an increase of SAR 139 million. Moreover, net income after zakat reached to SAR 713 million for the current quarter compared to SAR 637 million for the similar quarter of the previous year with an increase of SAR 76 million.

Net income before zakat reached to SAR 2,251 million for the current period compared to SAR 1,856 million in the similar period of the previous year with an increase of SAR 395 million. Moreover. net income after zakat reached to SAR 2,026 million for the current period compared to SAR 1,810 million for the similar period of the previous year with an increase of SAR 216 million.

Starting from the quarter ended 30 June 2019, Zakat is to be accrued at end of each financial reporting period and recognized in consolidated statement of income with a corresponding liability recognized in the consolidated statement of financial position in accordance with International Financial Reporting Standards (IFRS) and other standards and pronouncements endorsed by SOCPA.

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.