| 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 Increased by 16.8% caused by an increase in gross financing and investment income, while there was an increase in gross financing and investment return. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net income increased due to an increase in total operating income by 16.4% caused by an increase in net financing and investment income, fees from banking services, other operating income and exchange income. In contrast, the total operating expenses including impairment charges for financing increased by 12.1% due to an increase in depreciation expense and salaries and employees’ related benefits, while there was a decrease in other general and administrative expenses. In addition, there was an increase in impairment charge for financing from SAR 1,504 million to SAR 2,117 million by 40.7%. |
| 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 | The increase in the net provision for expected credit losses is attributed to the increase in gross charge by 36.9% coupled with a rise in recoveries from written off financing by 33.4% compared to the same period of the last year. |
| 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) | N/A |
| Reclassification of Comparison Items | Some items have been re-classified |
| Additional Information | - |
