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Al Rajhi Bank announces the interim financial results for the period ending on 31-03-2018 (Three Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 2,383 2,221 7.29 2,453 -2.85
Total profit (loss) operation income\ Investments 4,142 3,853 7.5 4,198 -1.33
Net profit (loss) special commission income\ Investments 3,121 2,886 8.14 3,157 -1.14
Earning or loss per share, Riyals 1.47 1.37 - - -
All figures are in Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Total Assets 349,243 337,230 3.56
Investments 40,728 25,843 57.6
Loans and advances portfolio 229,043 229,421 -0.16
Customer deposit 283,936 271,290 4.66
All figures are in Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Net income increased due to an increase in total operation income by 7.5%. In addition to an increase in net special commission income by 8.14%. In opposite, the total operating expense was increased by 7.8% due to an increase in impairment charge for financing. Also, an increase in general and other administrative expenses.
Reasons of increase (decrease) for period compared with same period last year Net income increased due to an increase in total operation income by 7.5%. In addition to an increase in net special commission income by 8.14%. In opposite, the total operating expense was increased by 7.8% due to an increase in impairment charge for financing. Also, an increase in general and other administrative expenses.
Reason of increase (decrease) for quarter compared with the previous quarter Net income decreased by 2.9% due to the decrease in total operation income by 1.3%. In addition, there was a decrease in special commission income by 1.1%. In opposite, total operating expense increased by 0.8%. The increase was mainly driven by increasing in impairment charge for financing and salaries and employee related benefits expenses.
Other notes Net special commission income for the three months period ended 31 Mar 2018 was SAR 3,121 million compared to SAR 2,885 million in corresponding quarter of last year, with an increase of 8.2%. There is an increase in comprehensive income for the three months period ended 31 Mar 2018 by SAR 2,468 million compared to SAR 2,141 million in corresponding quarter of last year, and SAR 2,423 million compared to the previous quarter with an increase by 15.27% and 1.8% respectively.
Total shareholders' equity (There are no minority rights)
as at 31 Mar 2018 was SAR 50,440 billion compared to SAR 51,431 billion for same period of last year, with a decreased of 1.93%

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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