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aljazira bank announces its Interim Financial Results for the Period Ended on 31-03-2026 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,724.9 | 1,584.8 | 8.84 | 1,738.4 | -0.776 |
| Total Income From Special Commission of Investment | 534.2 | 496.9 | 7.506 | 498.2 | 7.226 |
| Net Income From Special Commission of Financing | 664.2 | 634.3 | 4.713 | 645.8 | 2.849 |
| Net Income From Special Commission of Investment | 154.5 | 119.6 | 29.18 | 127.2 | 21.462 |
| Total Operations Profit (Loss) | 1,152.2 | 1,079.2 | 6.764 | 1,184.9 | -2.759 |
| Net Profit (Loss) before Zakat and Income Tax | 471.7 | 411.9 | 14.518 | 479.4 | -1.606 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 405 | 361 | 12.188 | 362.3 | 11.785 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 492.1 | 750 | -34.386 | 229 | 114.89 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 607.8 | 565.7 | 7.442 | 610.5 | -0.442 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 74.4 | 103 | -27.766 | 99.8 | -25.45 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 173,114 | 153,369 | 12.874 |
| Investments | 40,232 | 36,923 | 8.961 |
| Loans And Advances Portfolio (Financing And Investment) | 114,266 | 100,571 | 13.617 |
| Clients' deposits | 123,958 | 109,644 | 13.054 |
| Total Shareholders Equity (after Deducting Minority Equity) | 23,004 | 19,081 | 20.559 |
| Profit (Loss) per Share | 0.24 | 0.28 | |
| 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 | - | - | |
| 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 financing and investment income has increased by 9% mainly due to an increase in Income from investments and financing by 9% primarily due to an increase in income from financing and investment portfolio. On the other hand, return on deposits and financial liabilities has increased by 8%. The increase in return on deposits and financial liabilities is mainly due to an increase in return on customers deposits and due to banks, Saudi Central Bank and other financial institutions. |
| 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 has increased by 12% due to an increase in operating income by 7%. The increase in operating income is mainly due to an increase in net financing and investment income, net gains on FVIS financial instruments and dividend income against an a decrease in net fees from banking services and net exchange income. On the other hand, total operating expenses have increased by 2% mainly due to an increase in salaries and employee-related expenses, other operating expenses, depreciation and amortisation expenses and rent and premises-related expenses against a decrease in net impairment charge for financing and other financial assets and other general and administrative expenses. The increase in net income was also offset by higher zakat charge during the quarter. |
| 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 impairment charge for financing and other financial assets has decreased by 28% due to lower provisioning requirements for Commercial financing. |
| The reason of the increase (decrease) in special commission income during the current quarter compared to the previous quarter is | Net financing and investment income has increased by 6% mainly due to an increase in income from investments and financing by 1% primarily due to higher income from shariah complaint derivatives and income from investments against lower income from financing. Additionally, return on deposits and financial liabilities also decreased by 2%. The decrease in return on deposits and financial liabilities is mainly due to a decrease in return on customers deposits and due to banks, Saudi Central Bank and other financial institutions against an increase in return on shariah compliant derivatives. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter is | Net income has increased by 12% mainly due to a decrease in total operating expenses by 4% and zakat expense by 44%. The decrease in total operating expenses is mainly due to a decrease in net impairment charge for financing and other financial assets, other general and administrative expenses, rent and premises-related expenses and salaries and employee-related expenses against an increase in other operating expenses. On the other hand, operating income decreased by 3% mainly due to a decrease in net gains on FVIS financial instruments, other operating income and net exchange income against an increase in net fees from banking services, net financing and investment income and dividend income. |
| 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 impairment charge for financing and other financial assets has decreased by 26% mainly due to lower provisioning requirements for Commercial financing. |
| 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) | None |
| Reclassification of Comparison Items | Investments, Cash and balances with SAMA, Other Assets and other reserves balances for the comparative quarter (31 March 2025) have been restated. Certain items have been re-classified to conform to current period presentation. |
| Additional Information | 1- Earnings per share for the current and prior periods have been calculated by dividing net income for the period after Zakat and income tax (adjusted for Tier 1 Sukuk costs) by the weighted average number of shares outstanding (adjusted for treasury shares) i.e. 1,276.20 million shares (March 31, 2025: 1,277.96 million shares). 2- The Extraordinary General Assembly Meeting held on 11 December 2024, approved the Employee Share Plan for which 4.5 million shares (Pre bonus issue) were purchased as treasury shares for allocating them under the Employee Share Plan. 3- Total Tier 1 Sukuk issued by the bank amounting to SAR 8.2 billion are included as part of total Equity. |
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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