| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 21,628,218 | 18,304,054 | 18.16 | ||
| Total Income From Special Commission of Investment | 2,553,908 | 2,302,061 | 10.94 | ||
| Net Income From Special Commission of Financing | 11,564,246 | 10,652,591 | 8.56 | ||
| Net Income From Special Commission of Investment | 1,309,021 | 1,761,687 | -25.7 | ||
| Total Operations Profit (Loss) | 17,284,531 | 15,898,838 | 8.71 | ||
| Net Profit (Loss) before Zakat and Income Tax | 10,396,938 | 8,970,799 | 15.9 | ||
| Net profit (Loss) | 9,321,894 | 8,045,844 | 15.86 | ||
| Total Comprehensive Income | 9,754,208 | 8,466,901 | 15.2 | ||
| Assets | 450,378,794 | 386,848,929 | 16.42 | ||
| Investments | 69,668,963 | 58,108,824 | 19.89 | ||
| Loans And Advances Portfolio (Financing And Investment) | 320,089,491 | 274,398,246 | 16.65 | ||
| Clients' deposits | 306,423,391 | 254,907,624 | 20.21 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 58,555,999 | 53,695,571 | 9.05 | ||
| Total Operating Expenses Before Provisions for Credit and Other Losses | 5,285,601 | 4,968,624 | 6.38 | ||
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 1,632,346 | 1,971,688 | -17.21 | ||
| Profit (Loss) per Share | 3.01 | 2.58 | |||
| 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 the special commission income during the current year compared to the last year is | The special commission income increased by 17.4% mainly due to an increase in special commission income from loans and advances and investments. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net income increased by 15.9% mainly due to an increase in total operating income and a decrease in total operating expenses. Total operating income increase was due to an increase in fee and commission income, net, net special commission income, exchange income, net, trading income, net, gains/ (losses) on disposal of non-trading investments, net, and dividend income, partially offset by a decrease in other operating income. The total operating expenses decrease was in impairment charge for credit losses and other financial assets, net, impairment charge for investments, net, depreciation of property, equipment and right of use assets, other operating expenses, and rent and premises-related expenses, and partially offset by an increase in salaries and employee related expenses, and other general and administrative expenses. |
| 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 provision of expected credit losses and other losses decreased by 17.2% mainly due to lower impairment charge for credit losses and other financial assets, net, and impairment charge for investments, net. |
| 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 | None |
| Additional Information | Basic and diluted earnings per share for the year ended December 31, 2024 are calculated on a weighted average basis by dividing the net income attributable to common equity holders of the Bank, adjusted for Tier 1 sukuk costs for the year by 2,995 million shares (2023: 2,997 million shares), after excluding treasury shares. |
