IssuerAnnouncementDetailsV2Portlet
Actions
Al Rajhi Bank announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross Income from Special Commissions/Financing & Investments | 8,768 | 5,891 | 48.84 | 8,534 | 2.74 |
| Net Income from Special Commissions/Financing & Investments | 5,125 | 5,340 | -4.03 | 5,579 | -8.14 |
| Total Operation Profit (Loss) | 6,781 | 6,957 | -2.53 | 7,264 | -6.65 |
| Net Profit (Loss) before Zakat and Income Tax | 4,622 | 4,609 | 0.28 | 4,911 | -5.88 |
| Net Profit (Loss) | 4,145 | 4,134 | 0.27 | 4,404 | -5.88 |
| Total Comprehensive Income | 4,205 | 4,560 | -7.79 | 4,532 | -7.21 |
| Total Provisions (Reversals) for Expected Credit and Other Losses, net | 359 | 578 | -37.89 | 353 | 1.7 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,800 | 1,769 | 1.75 | 2,001 | -10.04 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (excluding Non-Controlling Interest) | 99,227 | 78,368 | 26.62 |
| Assets | 776,196 | 657,339 | 18.08 |
| Investments | 114,737 | 93,758 | 22.38 |
| Loans and Advances Portfolio (Financing & Investment) | 577,011 | 484,526 | 19.09 |
| Total Provisions (Reversals) for Expected Credit and Other Losses, net | 359 | 578 | -37.89 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 1,800 | 1,769 | 1.75 |
| Clients' deposits | 556,197 | 507,892 | 9.51 |
| Profit (Loss) per Share | 0.99 | 1.03 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net income increased due to a decrease in total operating expenses including impairment charges for financing by 8.01% due to a decrease in other general and administrative expenses, while there was an increase in salaries and employees’ related benefits, and depreciation expense. In addition, there was a decrease in impairment charge for financing from SAR 578 million to SAR 359 million by 37.89%. In contrast, the total operating income decreased by 2.53% caused by a decrease in net financing and investment income, and other operating income, while there was an increase in fees from banking services, and exchange income. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | Net income decreased due to a decrease in total operating income by 6.65% caused by a decrease in net financing and investment income and other operating income, while there was an increase in fees from banking services, and exchange income. In contrast, the total operating expenses including impairment charges for financing decreased by 8.24%due to a decrease in other general and administrative expense and depreciation expense, while there was an increase in salaries and employees’ related benefits. In addition, there was an increase in impairment charge for financing from SAR 353 million to SAR 359 million by 1.70%. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| 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 March 2023 (31 March 2022: 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 March, 2023 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.
Share
Company Performance
Key Parameters
Last Price 96.0
Net Change 1.35 (+1.43%)
Value Traded (Sar) 400,755,883.85
Volume Traded 4,210,903
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions