AnnouncementDetails

Actions

Al Rajhi Bank announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total income from Special Commissions/Financing & Investments 5,5304,28229.1455,2435.473
Net Income from Special Commissions/Financing & Investments 5,2154,19624.2855,0523.226
Total Operation Profit (Loss) 6,5785,15227.6786,3363.819
Net Profit (Loss) before Zakat and Income Tax 4,2302,96342.764,0225.171
Net Profit (Loss) 3,7942,65842.7383,6055.242
Total Comprehensive Income 3,9662,98932.6863,9480.455
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total income from Special Commissions/Financing & Investments 15,68812,61724.34
Net Income from Special Commissions/Financing & Investments 15,03712,27522.501
Total Operation Profit (Loss) 18,86214,92726.361
Net Profit (Loss) before Zakat and Income Tax 11,9718,33343.657
Net Profit (Loss) 10,7347,47443.617
Total Comprehensive Income 11,5187,47754.045
Total Share Holders Equity (after Deducting Minority Equity) 63,63754,91915.874
Assets 582,684430,30035.413
Investments 82,04857,11143.664
Loans and Advances Portfolio (Financing & Investment) 420,954289,72945.292
Clients' deposits 478,331345,32238.517
Profit (Loss) per Share 4.292.99
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 an increase in total operating income by 27.7% 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 increased by 7.3% due to an increase in depreciation expense, and salaries and employees’ related expenses, while there was a decrease in other general and administrative expenses. In addition, there was an increase in impairment charge for financing from SAR 465 million to SAR 594 million by 27.7%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Net income increased due to an increase in total operating income by 3.8% 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 increased by 1.5% due to an increase in depreciation expense, salaries and employees’ related expenses, while there was a decrease in other general and administrative expenses.

In addition, there was an increase in impairment charge for financing from SAR 584 million to SAR 594 million by 1.7%.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net income increased due to an increase in total operating income by 26.4% caused by an increase in net financing and investment income, fees from banking services, and other operating income, while there was a decrease in exchange income. In contrast, the total operating expenses increased by 4.5% due to an increase in salaries and employees’ related expenses, other general and administrative expenses, and depreciation expense. In addition, there was an increase in impairment charge for financing from SAR 1,616 million to SAR 1,755 million by 8.6%.
Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Some items have been re-classified

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
150.2 -0.8 (-0.53%)
Value Traded (SAR) Volume Traded
604,742,592 4,015,230