ELEMENT LIST

Current YEAR

Similar Quarter For Previous Year

% Change

Previous Quarter

% Change

Gross Income from Special Commissions/Financing & Investments

1,799.8

888.7

102.52

1,606.8

12.01

Net Income from Special Commissions/Financing & Investments

863.5

672.2

28.46

841.7

2.59

Total Operation Profit (Loss)

989.3

772.5

28.06

959.6

3.1

Net Profit (Loss) before Zakat and Income Tax

516.1

391

31.99

475.5

8.54

Net Profit (Loss)

443.8

320.7

38.38

408.9

8.54

Total Comprehensive Income

428.4

-466.1

-

512

-16.33

Total Provisions (Reversals) for Expected Credit and Other Losses, net

79.6

53.6

48.51

81.4

-2.21

Total Operating Expenses Before Provisions for Credit and Other Losses

406.2

339.4

19.68

421

-3.52

ELEMENT LIST

Current YEAR

Similar Period For Previous Year

% Change

Gross Income from Special Commissions/Financing & Investments

3,406.6

1,620.2

110.26

Net Income from Special Commissions/Financing & Investments

1,705.2

1,261.4

35.18

Total Operation Profit (Loss)

1,948.9

1,489.6

30.83

Net Profit (Loss) before Zakat and Income Tax

991.5

741.1

33.79

Net Profit (Loss)

852.7

607.7

40.31

Total Comprehensive Income

940.4

-721.5

-

Total Share Holders Equity (excluding Non-Controlling Interest)

13,980

13,511

3.47

Assets

123,595

110,798

11.55

Investments

31,707

28,381

11.72

Loans and Advances Portfolio (Financing & Investment)

77,305

62,263

24.16

Total Provisions (Reversals) for Expected Credit and Other Losses, net

160.9

91.4

76.04

Total Operating Expenses Before Provisions for Credit and Other Losses

827.2

684.1

20.92

Clients' deposits

82,664

67,459

22.54

Profit (Loss) per Share

0.77

0.56

Element

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 increased by 38.4% due to an increase in total operating income.

Total operating income increased by 28.1% primarily due to an increase in net special commission income, exchange income, fee income from banking services, gains on disposals of FVOCI debt securities and fair value through profit and loss.

Total operating expenses increased by 23.6% primarily due to an increase in other general and administrative expenses, provisions for credit and other losses, salaries and employee-related expenses, rent and premises related expenses and depreciation and amortization.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is

Net profit increased by 8.5% due to an increase in total operating income and a decrease in total operating expenses.

Total operating income increased by 3.1% primarily due to an increase in net special commission income, fee income from banking services and fair value through profit and loss, which was offset by a decrease in gains on disposals of FVOCI debt securities and exchange income.
Total operating expenses decreased by 3.3% primarily due to a decrease in other general and administrative expenses, salaries and employee-related expenses, provisions for credit and other losses and depreciation and amortization, which was offset by an increase in rent and premises related expenses.

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 40.3% due to an increase in total operating income.

Total operating income increased by 30.8% primarily due to an increase in net special commission income, exchange income, gains on disposals of FVOCI debt securities and fair value through profit and loss, which was offset by a decrease in fee income from banking services.

Total operating expenses increased by 27.4% primarily due to an increase in other general and administrative expenses, provisions for credit and other losses, salaries and employee-related expenses, depreciation and amortization and rent and premises related expenses.

Statement of the type of external auditor's report

Unmodified opinion.

Reclassification of Comparison Items

Certain prior period amounts have been reclassified to conform to current period presentation.

Additional Information

Earnings per share for the six-month period ended June 30, 2023 and 2022 was SAR 0.77 and 0.56 respectively, which was calculated by dividing net income adjusted for Tier I Sukuk costs by 1,000 million shares.