Al Rajhi Bank announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
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| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|
| Total income from Special Commissions/Financing & Investments | 5,891 | 4,915 | 19.857 | 5,754 | 2.38 |
| Net Income from Special Commissions/Financing & Investments | 5,340 | 4,771 | 11.926 | 5,355 | -0.28 |
| Total Operation Profit (Loss) | 6,957 | 5,948 | 16.963 | 6,855 | 1.487 |
| Net Profit (Loss) before Zakat and Income Tax | 4,609 | 3,719 | 23.931 | 4,474 | 3.017 |
| Net Profit (Loss) | 4,134 | 3,335 | 23.958 | 4,012 | 3.04 |
| Total Comprehensive Income | 4,533 | 3,604 | 25.776 | 3,672 | 23.447 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 78,341 | 59,222 | 32.283 |
| Assets | 657,628 | 512,234 | 28.384 |
| Investments | 93,758 | 67,968 | 37.944 |
| Loans and Advances Portfolio (Financing & Investment) | 484,526 | 356,144 | 36.047 |
| Clients' deposits | 507,892 | 421,269 | 20.562 |
| Profit (Loss) per Share | 1.65 | 1.33 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|
| 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 17% caused by an increase in net financing and investment income, fees from banking services, other operating income, and exchange income. In contrast, the total operating expenses increased by 5.3% due to an increase in salaries and employees’ related benefits, depreciation expenses, and other general and administrative expenses. In addition, there was an increase in impairment charge for financing from SAR 577 million to SAR 578 million by 0.2%. |
| 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 1.5% caused by an increase in other operating income, fees from banking services, exchange income. Whereas, there was a decrease in net financing and investment income. In contrast, the total operating expenses decreased by 1.4% due to a decrease in other general and administrative expenses, and depreciation expenses. While, there was an increase in salaries and employees’ related benefits. In addition, there was a decrease in impairment charge for financing from SAR 590 million to SAR 578 million by 2%. |
| Statement of the type of external auditor's report | Unmodified Conclusion |
| 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.
