| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 146,734 | 138,189 | 6.183 | 144,470 | 1.567 |
| Net Income From Special Commission of Financing | 94,407 | 81,416 | 15.956 | 88,123 | 7.13 |
| Net Income From Special Commission of Investment | - | - | - | - | - |
| Total Operations Profit (Loss) | 94,707 | 81,666 | 15.968 | 88,423 | 7.106 |
| Net Profit (Loss) before Zakat and Income Tax | 19,924 | 15,012 | 32.72 | 19,726 | 1.003 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 15,815 | 11,915 | 32.731 | 15,656 | 1.015 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 17,787 | 7,146 | 148.908 | 12,852 | 38.398 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 50,926 | 45,965 | 10.792 | 48,814 | 4.326 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 23,857 | 20,689 | 15.312 | 19,883 | 19.986 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 4,630,666 | 4,628,667 | 0.043 |
| Investments | 893 | 893 | - |
| Loans And Advances Portfolio (Financing And Investment) | 4,463,247 | 4,342,196 | 2.787 |
| Clients' deposits | - | - | - |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,298,986 | 1,231,865 | 5.448 |
| Profit (Loss) per Share | 0.16 | 0.12 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is | "The company achieved Total Income From Special Commission of Financing of SR 146.734 million during current quarter, compared to SR 138.189 million for the same quarter during last year, representing an increase of 6.18%. |
The increase is mainly attributable to Increase in Loans and Advances Portfolio of Company during the period by 2.79% as well as enhancement of yield on such portfolio during the period."
The increase in net profit is mainly attributable to:
- Increase in Income From Special Commission of Financing; and
- Decrease in Finance cost; partially offset by:
- Increase in Operating Expenses; and
- Increase in Total Net Provision of Expected Credit Losses."
The increase in total net provision of expected credit losses and other losses is attributable to:
- Growth in the Company’s Loans and Advances portfolio compared to the same quarter of last year;
- Refinement of expected credit losses model assumptions and estimation methodology; and
- Updated model-based expected credit loss estimates to reflect the continued uncertainty associated with geopolitical conditions."
The increase is mainly attributable to Increase in Loans and Advances Portfolio of Company as well as enhancement of yield on such portfolio during the period."
The increase in net profit is nominal and mainly attributable to:
- Increase in Income From Special Commission of Financing; and
- Decrease in Finance cost; partially offset by:
- Increase in Operating Expenses; and
- Increase in Total Net Provision of Expected Credit Losses.
The increase in total net provision of expected credit losses and other losses is attributable to:
- Growth in Loans and Advances Portfolio of the Company compared to previous quarter; and
- Updated model-based expected credit loss estimates to reflect the continued uncertainty associated with geopolitical conditions.
1. The company is currently not engaged in any deposit taking activity, therefore customer deposits are not applicable.
2. The company is currently not engaged in any activity for special commission income from investment, therefore special commission income from investment is not applicable
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.