| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total income from Special Commissions/Financing & Investments | 5,470 | 5,538 | -1.227 | ||
| Net Income from Special Commissions/Financing & Investments | 4,648 | 4,323 | 7.517 | ||
| Total Operation Profit (Loss) | 5,734 | 5,610 | 2.21 | ||
| Net Profit (Loss) before Zakat and Income Tax | 2,202 | 2,816 | -21.803 | ||
| Net Profit (Loss) | 1,966 | 2,535 | -22.445 | ||
| Total Comprehensive Income | 1,980 | 2,627 | -24.628 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 24,429 | 22,445 | 8.839 | ||
| Assets | 156,877 | 131,839 | 18.991 | ||
| Investments | 29,526 | 23,478 | 25.76 | ||
| Loans and Advances Portfolio (Financing & Investment) | 111,196 | 94,801 | 17.294 | ||
| Clients' deposits | 119,454 | 102,063 | 17.039 | ||
| Profit (Loss) per Share | 0.99 | 1.28 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net Profit declined mainly for the higher impairment Charges and Revaluation Losses. Net Income from Financing & Investments increased by 8% but the total Operating Profit increased only by 2% due to the higher revaluation loss on investments. On the other hand, the operating expenses remained in line while the Impairment Charge registered significant increase. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | Some items have been reclassified. |
| Additional Information | For calculation of earning per share, 13 million treasury shares have been excluded. |
Earnings per share is calculated by dividing the net income after zakat for the period ended 31 December 2020 and 31 December 2019 by 1,987 million shares to give a retrospective effect of 33% bonus shares
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