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Alinma Bank announces its interim financial results for the period ending on 2019-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total Revenue for Special Commissions/Investments 1,3071,11317.431,3050.153
Net Income for Special Commissions/Investments 99389610.8259722.16
Total operation Profit (Loss) 1,2901,11016.2161,292-0.154
Net Profit (Loss) 70958221.8216617.261
Total Comprehensive Income 72857227.2727004
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity) 20,45920,1791.387
Assets 121,794113,9456.888
Investments 20,72815,94130.029
Loans and advances portfolio 85,87779,0138.687
Customer deposits 92,26189,3403.269
Profit (Loss) per Share 0.480.39
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year Net income increased due to the increase of total operating income by 16%, mainly due to the increase in net income from financing and investments in addition to increase in fee from banking services and income from FVIS Financial Instruments.

On the other hand, the total operating expenses increased by 9% mainly due to increase in employee costs, depreciation and general expenses.

Reason for increase (decrease) in net profit for current quarter compared to the previous quarter Net income increased mainly due to the increase in net income from financing and investment by 2% and fee income by 32%, which was partially offset by the decline in the income from investments in equity and funds.

On the other hand, the total operating expenses decreased by 8% due to the lower provision for impairments and general expenses.

Type of the external auditor's opinion Unmodified opinion
External auditor's report containing reservation None
Reclassifications in quarter financial result The previous period numbers have been reclassified to conform current period presentation.
Additional Information For calculation of earning per share, 10 million treasury shares have been excluded.

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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