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Alinma Bank announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total income from Special Commissions/Financing & Investments 1,472.11,349.19.1171,452.11.377
Net Income from Special Commissions/Financing & Investments 1,309.51,204.88.691,309.30.015
Total Operation Profit (Loss) 1,807.61,606.312.5311,682.37.448
Net Profit (Loss) before Zakat and Income Tax 919.6715.628.50769133.082
Net Profit (Loss) 824.7641.828.497619.133.209
Total Comprehensive Income 799.1646.623.584597.633.718
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 31,518.225,081.125.665
Assets 179,518.8159,95112.233
Investments 36,02628,819.125.007
Loans and Advances Portfolio (Financing & Investment) 128,965.1117,148.910.086
Clients' deposits 128,035.2120,7076.071
Profit (Loss) per Share 0.410.32
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 the increase in total operating income by 12.5%, mainly due to the increase in net income from financing and investment, FVIS investment income, exchange income and other operating income partly offset by the slight decline in fee income.

In the other hand, the total operating expenses were maintained at the same level of last year mainly due to the 29% lower impairement charge for expected credit losses offset by higher general and administrative expenses and salaries expenses.

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 the increase in total operating income by 7.4%, mainly due to the increase in fee income, FVIS investments income and exchange income, partly offset by the lower other operating income.

In the other hand, the total operating expenses deccreased by 10% mainly due to the lower impairment charge for expected credit losses, general and dministrative expenses and rent expenses partly offset by the higher salaries expenses.

Statement of the type of external auditor's report Unmodified Conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Some items have been reclassified.
Additional Information Net impairment charge for expected credit losses reached to SAR 243.4mn for the current period against SAR 344mn for the similar period of previous year with a decrease of 29.2%.

For calculation of earning per share, 11.7 million treasury shares have been excluded.

Earnings per share is calculated by dividing the net income after zakat for the period ended 31 Mar 2022 and 31 Mar 2021 by 1,988 million and 1,987.4 million shares, respectively.

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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