Element list

Current quarter

Similar quarter for previous year

% Change

Previous quarter

% Change

Total Revenue for Special Commissions/Investments

865.9

974.6

(11.153)

914.2

(5.283)

Net Income from Special Commissions/Financing & Investments

609.2

560.0

8.786

582.7

4.548

Total operation Profit (Loss)

713.3

663.1

7.571

717.7

(0.613)

Net Profit (Loss) before Zakat and Income Tax

334.1

(346.1)

-

173.1

93.010

Net Profit (Loss)

262.3

(284.7)

-

150.7

74.054

Total Comprehensive Income

1,793.0

(305.3)

-

(1,500.0)

-

Element list

Current period

Similar period for previous year

% Change

Total Revenue from Special Commissions/Financing & Investments

1,780.1

1,969.6

(9.621)

Net Income from Special Commissions/Financing & Investments

1,191.9

1,141.1

4.452

Total operation Profit (Loss)

1,431.0

1,365.3

4.812

Net Profit (Loss) before Zakat and Income Tax

507.3

4.8

10,468.750

Net Profit (Loss)

413.0

(3.3)

-

Total Comprehensive Income

293.0

190.4

53.887

Total Share Holders Equity (after deducting minority equity)

12,239

11,500

6.426

Assets

104,616

97,965

6.789

Investments

30,887

26,574

16.230

Loans and Advances Portfolio (Financing & Investment)

58,603

56,927

2.944

Customer deposits

64,243

66,844

(3.891)

Profit (Loss) per Share

0.52

(0.09)

Element list

Explanation

Increase (Decrease) in Net Profit for Current Quarter Compared to Same Quarter Last Year is Attributed to

Net profit increased primarily due to a decrease in total operating expenses which was due to a decrease in provisions for credit and other losses, other general and administrative expenses, and rent and premises-related expenses, which was offset by an increase in salaries and employee-related expenses, depreciation and amortization, and provisions for Zakat and Income Tax.

Total operating income increased by 7.6% primarily due to an increase in net special commission income, exchange income, and gains on FVOCI debt securities, which was offset by a decrease in fee income from banking services, fair value through profit and loss, and other income.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to

Net profit increased by 74.1% primarily due to a decrease in total operating expenses which was due to a decrease in provisions for credit and other losses, other general and administrative expenses, salaries and employee-related expenses, rent and premises-related expenses, and depreciation and amortization, which was offset by an increase in provisions for Zakat and Income Tax.

Total operating income decreased by 0.6% primarily due to a decrease in gains on FVOCI debt securities, fee income from banking services, fair value through profit and loss, dividend income, and other income, which was offset by an increase in net special commission income, and exchange income.

Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to

Net profit increased primarily due to a decrease in total operating expenses which was due to a decrease in provisions for credit and other losses, other general and administrative expenses, and rent and premises-related expenses, which was offset by an increase in salaries and employee-related expenses, depreciation and amortization, and provisions for Zakat and Income Tax.

Total operating income increased by 4.8% primarily due to an increase in net special commission income, gains on FVOCI debt securities, exchange income, and dividend income, which was offset by a decrease in fee income from banking services, fair value through profit and loss, and other income.

Basis of the External Auditor's Opinion

Unmodified opinion.

Reclassification of Comparison Items

None.

Additional Information

Earnings per share for the six month period ended June 30, 2020 was SAR 0.52, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 675 million shares representing the weighted average of the issued and outstanding shares after giving effect to the purchase of 56.2 million and 18.7 million Treasury shares on September 27, 2018 and May 28, 2019 respectively.

Loss per share for the six month period ended June 30, 2019 was SAR 0.09, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 690 million shares representing the weighted average of the issued and outstanding shares after giving effect to the purchase of 56.2 million and 18.7 million treasury shares on September 27, 2018 and May 28, 2019 respectively.