Profits rose “Alinma Bank”, to 3599.1 million riyals at the end of 2022, an interest rate of 33%, compared to profits of 2709.4 million riyals achieved in the same period in 2021.

The bank said that the reason for the increase in profit During the current period compared to the same period last year due to:

An increase in total operating income of 19.6%, primarily due to an increase in net financing and investment income, bank fee income, income from investments measured at fair value through the income statement and foreign exchange income.

On the other hand, total operating expenses increased by 9.1% compared to the same period last year due to the increase in general and administrative expenses, employee salary expenses, rental expenses and depreciation, which was offset by a decrease in the expected credit loss expense.

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The bank also said that equity (there are no minority rights – after excluding sukuk) at the end of the period amounted to 26876.30 million riyals, compared to 25711.02 million riyals at the end of the same period last year.

Total comprehensive income for the current period was 2,950.1 million Saudi riyals, compared to total comprehensive income of 2,661 million Saudi riyals for the same period last year.

Earnings per share for the period ending 31 December 2022 AD (1.73 riyals/share) and for the period ending 31 December 2021 AD (1.31 riyals/share) by dividing the net profit for the period after zakat (rate after deduction ). costs related to the first tranche sukuk) with the weighted average number of shares outstanding for the period amounting to 1,990 million shares (2021: 1,988 million shares).

8.5 million shares were excluded as treasury shares when calculating the value of earnings per share.

Some comparative figures have been reclassified.

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