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The Saudi Investment Bank announces the interim financial results for the period ending on 31-03-2025 (three months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,731.5 | 1,571.4 | 10.188 | 1,754.5 | -1.31 |
| Total Income From Special Commission of Investment | 550.2 | 491.9 | 11.852 | 563.5 | -2.36 |
| Net Income From Special Commission of Financing | 716.9 | 688.4 | 4.14 | 667.5 | 7.4 |
| Net Income From Special Commission of Investment | 173.7 | 162.1 | 7.156 | 228.5 | -23.982 |
| Total Operations Profit (Loss) | 1,050.3 | 995.1 | 5.547 | 1,082.5 | -2.974 |
| Net Profit (Loss) before Zakat and Income Tax | 585.3 | 511.5 | 14.428 | 597.5 | -2.041 |
| Net Profit/(Loss) | 503.3 | 442.4 | 13.765 | 510 | -1.313 |
| Total Comprehensive Income | 628.5 | 511.7 | 22.825 | 165.8 | 279.071 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 432.5 | 427.6 | 1.145 | 437.5 | -1.142 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 61.5 | 82.1 | -25.091 | 80.2 | -23.316 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 163,799 | 136,405 | 20.082 |
| Investments | 40,398 | 34,167 | 18.236 |
| Loans And Advances Portfolio (Financing And Investment) | 104,135 | 84,623 | 23.057 |
| Clients' deposits | 101,666 | 88,433 | 14.963 |
| Total Shareholders Equity (after Deducting Minority Equity) | 15,530 | 14,566 | 6.618 |
| Profit (Loss) per Share | 0.39 | 0.34 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in special commission income during the current quarter compared to the same quarter of the last year is | Net special commission income increased by 4.7% primarily due to increases in gross financing and investment returns. |
| 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 profit increased by 13.8% due to an increase in total operating income, as well as a decrease in provisions for credit and other losses. Total operating income increased by 5.5% primarily due to increases in net special commission income, exchange income, gains on disposals of FVOCI debt securities, which was partially offset by decrease in unrealized gain in fair value through statement of income. Total operating expenses decreased by 3.1% primarily due to a decrease in provisions for credit and other losses and general and administrative expenses, which was partially offset by increase in salaries and employee-related expenses, rent and premises related expenses and depreciation and amortization expenses. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the same quarter of the last year is | Net provision of expected credit losses and other losses decreased by 25.1% primarily due to lower net charges for loans and advances. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | Net special commission income decreased by 0.6% mainly due to decrease in special commission income, which was largely offset by decrease in special commission expense. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net profit decreased by 1.3% due to a decrease in total operating income. Total operating income decreased by 3.0% primarily due to decrease in unrealized gain in fair value through statement of income, fee income from banking services and net special commission income, which was partially offset by increase in gains on disposals of FVOCI debt securities, as well as increase in exchange income. Total operating expenses decreased by 4.6% primarily due to decrease in provisions for credit and other losses and salaries and employee-related expenses, despite marginal increases in depreciation and amortization, and rent and premises related expenses. |
| The reason of the increase (decrease) in the total net provision (reversing entry) of expected credit losses and other losses during the current quarter compared to the previous quarter is | Net provision of expected credit losses and other losses decreased by 23.3% primarily due to lower net charges for loans and advances. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| 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 | Certain prior period amounts have been reclassified to conform to current period presentation. |
| Additional Information | Earnings per share for the three-month period ended March 31, 2025 and 2024 was SAR 0.39 and 0.34 respectively, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 1,247 million shares and 1,250 million shares respectively representing the weighted average of the issued and outstanding shares after giving effect of the purchase of 2.7 million treasury 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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