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Amlak International for Real Estate Finance Co. 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 72,50771,5191.38170,6092.688
Net Income from Special Commissions/Financing & Investments 63,85752,42621.80454,37417.44
Total Operation Profit (Loss) 64,52352,25523.47755,34216.589
Net Profit (Loss) before Zakat and Income Tax 35,62427,40429.99530,99414.938
Net Profit (Loss) 29,49923,19727.16728,2184.539
Total Comprehensive Income 31,00425,29622.56430,1512.829
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total income from Special Commissions/Financing & Investments 215,082219,935-2.206
Net Income from Special Commissions/Financing & Investments 174,170165,9684.941
Total Operation Profit (Loss) 175,807165,4816.239
Net Profit (Loss) before Zakat and Income Tax 96,01589,1647.683
Net Profit (Loss) 82,91576,4878.404
Total Comprehensive Income 87,24567,93228.429
Total Share Holders Equity (after Deducting Minority Equity) 1,163,1911,125,2593.37
Assets 3,730,8703,853,004-3.169
Investments 10,85711,622-6.582
Loans and Advances Portfolio (Financing & Investment) 3,440,6903,587,451-4.09
Clients' deposits ---
Profit (Loss) per Share 0.920.84
All figures are in (Thousands) 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 The company achieved a net profit of SR 29.5 million during current quarter, compared to SR 23.2 million for the same quarter during 2020, representing an increase of 27.2%.

The increase is mainly attributable to reduced Finance Cost due to reversal of previously recognized liabilities, no longer considered payable.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The company achieved a net profit of SR 29.5 million during current quarter, compared to SR 28.2 million for previous quarter during 2021, representing an increase of 4.5%. .

The increase is mainly attributable to reduced Finance Cost, partially offset by increase in provision for Zakat liabilities during the current quarter.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The company achieved a net profit of SR 82.9 million during current period, compared to SR 76.5 million for same period during 2020, representing an increase of 8.4%.

The increase is mainly attributable to reduced Finance Cost, partially offset due to reduced Income from Ijara contracts and increased Operating Expenses.

Statement of the type of external auditor's report Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items No comparative figures have been reclassified to be consistent with the presentation of the current period
Additional Information The Company is currently not engaged in any deposit taking activity and hence the client deposits are Nil.

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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