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Alinma Bank announce the Financial Results For the year ended 31 Dec 2022
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Gross Income from Special Commissions/Financing & Investments | 7,613 | 5,677.8 | 34.08 | ||
| Net Income from Special Commissions/Financing & Investments | 6,066.5 | 5,140.4 | 18.02 | ||
| Total Operation Profit (Loss) | 7,963.1 | 6,659.6 | 19.57 | ||
| Net Profit (Loss) before Zakat and Income Tax | 4,012.9 | 3,021.6 | 32.81 | ||
| Net Profit (Loss) | 3,599.1 | 2,709.4 | 32.84 | ||
| Total Comprehensive Income | 2,950.1 | 2,661 | 10.86 | ||
| Total Share Holders Equity (excluding Non-Controlling Interest) | 31,876.3 | 30,711 | 3.79 | ||
| Assets | 200,436.2 | 173,476.1 | 15.54 | ||
| Investments | 38,528.6 | 33,277.6 | 15.78 | ||
| Loans and Advances Portfolio (Financing & Investment) | 146,492 | 126,271.5 | 16.01 | ||
| Total Operating Expenses Before Provisions for Credit and Other Losses | 2,765 | 2,357.6 | 17.28 | ||
| Total Provisions (Reversals) for Expected Credit and Other Losses, net | 1,188.7 | 1,266.3 | -6.13 | ||
| Clients' deposits | 145,168.5 | 121,060.6 | 19.91 | ||
| Profit (Loss) per Share | 1.73 | 1.31 | |||
| All figures are in (Millions) 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 income increased due to the increase in total operating income by 19.6%, mainly due to the increase in net income from financing and investment, fee income, FVIS investment income and exchange income. In the other hand, the total operating expenses were 9.1% higher than the similar period last year mainly due to the higher general and administrative expenses, salaries expenses, rent expenses and depreciation expenses partly offset by the lower impairment charge for expected credit losses. |
| 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 the calculation of earnings per share, 8.5 million treasury shares have been excluded. Earnings per share is calculated by dividing the net income after zakat for the period ended 31 Dec 2022 and 31 Dec 2021 (adjusted for Tier 1 Sukuk costs) by the weighted average number of outstanding shares, which reached 1,990 million shares (2021: 1,988 million shares). |
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.
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