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Al Rajhi Bank announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Gross Income from Special Commissions/Financing & Investments | 28,202 | 21,442 | 31.53 | ||
| Net Income from Special Commissions/Financing & Investments | 22,173 | 20,392 | 8.73 | ||
| Total Operation Profit (Loss) | 28,575 | 25,716 | 11.12 | ||
| Net Profit (Loss) before Zakat and Income Tax | 19,123 | 16,445 | 16.28 | ||
| Net Profit (Loss) | 17,151 | 14,746 | 16.31 | ||
| Total Comprehensive Income | 16,640 | 15,191 | 9.54 | ||
| Total Share Holders Equity (excluding Non-Controlling Interest) | 100,225 | 67,282 | 48.96 | ||
| Assets | 762,366 | 623,645 | 22.24 | ||
| Investments | 102,146 | 84,433 | 20.98 | ||
| Loans and Advances Portfolio (Financing & Investment) | 568,338 | 452,831 | 25.51 | ||
| Total Operating Expenses Before Provisions for Credit and Other Losses | 7,451 | 6,927 | 7.56 | ||
| Total Provisions (Reversals) for Expected Credit and Other Losses, net | 2,001 | 2,345 | -14.67 | ||
| Clients' deposits | 564,925 | 512,072 | 10.32 | ||
| Profit (Loss) per Share | 4.24 | 3.69 | |||
| 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 an increase in total operating income by 11.12% caused by an increase in net financing and investment income, fees from banking services, exchange income and other operating income. In contrast, the total operating expenses including impairment charges for financing increased by 1.95% due to an increase in salaries and employees’ related benefits, depreciation expense, and other general and administrative expenses. In addition, there was a decrease in impairment charge for financing from SAR 2,345 million to SAR 2,001 million by 14.66%. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | The authorized, issued and fully paid share capital of the Bank consists of 4,000 million shares of SAR 10 each as of 31 December 2022 (31 December 2021: 2,500 million shares of SAR 10 each). Basic and diluted earnings per share is calculated by dividing net income adjusted for Tier I Sukuk costs by weighted average number of the issued and outstanding shares after giving retrospective effect to the bonus shares issuance of 1,500 million shares, the weighted average number of outstanding shares as at 31 December, 2022 is 4,000 million shares. The diluted earnings per share is the same as the basic earnings per share. |
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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Last Price 80.6
Net Change 0.1 (+0.12%)
Value Traded (Sar) 474,810,183.6
Volume Traded 5,881,059
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