THE SAUDI INVESTMENT BANK 1443/03/20 Tue Oct 26, 2021 17:14:01
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| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
| Total income from Special Commissions/Financing & Investments | 707.1 | 778.9 | -9.218 | 704.1 | 0.426 |
| Net Income from Special Commissions/Financing & Investments | 597.6 | 575.5 | 3.84 | 588.5 | 1.546 |
| Total Operation Profit (Loss) | 684.2 | 724.9 | -5.614 | 720.7 | -5.064 |
| Net Profit (Loss) before Zakat and Income Tax | 342.2 | 381.6 | -10.324 | 313.6 | 9.119 |
| Net Profit (Loss) | 274.3 | 301.4 | -8.991 | 287.8 | -4.69 |
| Total Comprehensive Income | 166.7 | 582.8 | -71.396 | 438.1 | -61.949 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
| Total income from Special Commissions/Financing & Investments | 2,075.6 | 2,558.9 | -18.887 |
| Net Income from Special Commissions/Financing & Investments | 1,729.1 | 1,767.4 | -2.167 |
| Total Operation Profit (Loss) | 2,040 | 2,155.9 | -5.375 |
| Net Profit (Loss) before Zakat and Income Tax | 919.4 | 888.8 | 3.442 |
| Net Profit (Loss) | 775.6 | 714.4 | 8.566 |
| Total Comprehensive Income | 678.1 | 875.8 | -22.573 |
| Total Share Holders Equity (after Deducting Minority Equity) | 14,688 | 12,807 | 14.687 |
| Assets | 99,640 | 98,339 | 1.322 |
| Investments | 29,300 | 29,241 | 0.201 |
| Loans and Advances Portfolio (Financing & Investment) | 58,290 | 57,723 | 0.982 |
| Clients' deposits | 60,890 | 59,841 | 1.752 |
| Profit (Loss) per Share | 1.01 | 0.93 | |
| 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 profit decreased by 9.0% due to a decrease in total operating income and an increase in total operating expenses.
Total operating income decreased by 5.6% primarily due to a decrease in fee income from banking services, exchange income, fair value through profit and loss, and other income, which was offset by an increase in net special commission income, and gains on disposals of FVOCI debt securities. Total operating expenses increased by 2.3% primarily due to an increase in salaries and employee-related expenses, rent and premises related expenses, depreciation and amortization, and other general and administrative expenses, which was offset by a decrease in provisions for credit and other losses. |
| 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 profit decreased by 4.7% due to a decrease in total operating income and an increase in provisions for Zakat.
Total operating income decreased by 5.1% primarily due to a decrease in fee income from banking services, fair value through profit and loss, gains on disposals of FVOCI debt securities, and other income, which was offset by an increase in net special commission income, and exchange income. Total operating expenses decreased by 14.0% primarily due to a decrease in rent and premises related expenses, other general and administrative expenses, and provisions for credit and other losses, which was offset by an increase in salaries and employee-related expenses, and depreciation and amortization. |
| 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 profit increased by 8.6% due to a decrease in total operating expenses and provisions for Zakat.
Total operating expenses decreased by 11.6% primarily due to a decrease in salaries and employee-related expenses, and provisions for credit and other losses, which was offset by an increase in rent and premises related expenses, depreciation and amortization, and other general and administrative expenses. Total operating income decreased by 5.4% primarily due to a decrease in net special commission income, exchange income, dividend income, fair value through profit and loss, and other income, which was offset by an increase in fee income from banking services, and gains on disposals of FVOCI debt securities. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | None. |
| Additional Information |
Earnings per share for the nine month period ended September 30, 2021 and 2020 was SAR 1.01 and 0.93 respectively, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 696 million shares and 688 million shares respectively representing the weighted average of the issued and outstanding shares after giving effect to the purchase and issuance of 74.9 million treasury shares.
The weighted average number of outstanding shares have been retrospectively adjusted for prior period to reflect the effect of the changes in number of shares due to bonus element included in the treasury shares issued. |
The Capital Market Authority and the Saudi Stock 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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The Saudi Investment Bank SJSC published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 23:27:07 UTC.
