| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 6,670.1 | 5,856.2 | 13.9 | ||
| Total Income From Special Commission of Investment | 1,927.1 | 2,122.6 | -9.21 | ||
| Net Income From Special Commission of Financing | 2,548.5 | 2,115.5 | 20.47 | ||
| Net Income From Special Commission of Investment | 451.1 | 518.9 | -13.07 | ||
| Total Operations Profit (Loss) | 4,464.3 | 3,779.4 | 18.12 | ||
| Net Profit (Loss) before Zakat and Income Tax | 1,785.8 | 1,404.6 | 27.14 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 1,505.5 | 1,231 | 22.3 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 1,793.9 | 982 | 82.68 | ||
| Assets | 165,924 | 149,119 | 11.27 | ||
| Investments | 38,968 | 36,406 | 7.04 | ||
| Loans And Advances Portfolio (Financing And Investment) | 110,862 | 96,912 | 14.39 | ||
| Clients' deposits | 115,395 | 108,187 | 6.66 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 21,775 | 17,414 | 25.04 | ||
| Total Operating Expenses Before Provisions for Credit and Other Losses | 2,337.6 | 2,116.8 | 10.43 | ||
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 353.7 | 274.9 | 28.66 | ||
| Profit (Loss) per Share | 1 | 0.81 | |||
| All figures are in (Millions) 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 (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the special commission income during the current year compared to the last year is | Net financing and investment income has increased by 14% mainly due to an increase in Income from investments and financing by 8% primarily due to an increase in income from financing and investment. On the other hand, return on deposits and financial liabilities has increased by 5%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and due to banks, Saudi Central Bank and other financial institutions. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net income has increased by 22% due to an increase in operating income by 18%. The increase in operating income is mainly due to an increase in net financing and investment income, net fees from banking services, net gains on FVIS financial instruments, net exchange income and dividend income against a decrease in other operating income. On the other hand, total operating expenses have increased by 13% mainly due to an increase in salaries and employee-related expenses, other general and administrative expenses, net impairment charge for financing and other financial assets and absence of a reversal in impairment charge for other real estate against a decrease in other operating expenses. The increase in net income was also offset by higher zakat charge during the year. |
| The reason of the increase (decrease) in the total net provision of expected credit losses and other losses (reversing entry) during the current year compared to the last year is | Net impairment charge for financing and other financial assets has increased by 11% mainly due to higher provisioning requirements for Commercial financing. On the other hand, during last year there was an impairment reversal of SAR 42.6 million for other real estate. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Investments, Cash and balances with SAMA, Other Assets and other reserves balances for the comparative year (31 December 2024) have been restated. Certain items have been re-classified to conform to current year presentation. |
| Additional Information | 1- Earnings per share for the current and prior years have been calculated by dividing net income for the year after Zakat and income tax (adjusted for Tier 1 Sukuk costs) by the weighted average number of shares outstanding (adjusted for treasury shares) i.e. 1,276 million shares (December 31, 2024: 1,281 million shares). 2-Earnings per share for the comparative years have been recalculated to reflect the increase in the bank’s capital from 1,025 million shares to 1,281 million shares due to issue of bonus shares in the ratio of one share for every four shares as approved in the extraordinary general assembly meeting held on 28 April 2025. 3- The Extraordinary General Assembly Meeting held on 11 December 2024, approved the Employee Share Plan for which 4.5 million shares (Pre bonus issue) were purchased as treasury shares for allocating them under the Employee Share Plan. 4- Total Tier 1 Sukuk issued by the bank amounting to SAR 6.8 billion are included as part of total Equity. |
