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Alinma Bank announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total Revenue from Special Commissions/Financing & Investments 1,3381,365-1.9781,395-4.086
Net Income from Special Commissions/Financing & Investments 1,1221,0665.2531,1210.089
Total Operation Profit (Loss) 1,3461,364-1.3191,2686.151
Net Profit (Loss) before Zakat and Income Tax 636751-15.31241154.744
Net Profit (Loss) 572676-15.38437054.594
Total Comprehensive Income 607722-15.92733680.654
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Revenue from Special Commissions/Financing & Investments 2,7332,6552.937
Net Income from Special Commissions/Financing & Investments 2,2432,0429.843
Total Operation Profit (Loss) 2,6152,654-1.469
Net Profit (Loss) before Zakat and Income Tax 1,0481,459-28.169
Net Profit (Loss) 9431,314-28.234
Total Comprehensive Income 9431,380-31.666
Total Share Holders Equity (after Deducting Minority Equity) 23,38621,17910.42
Assets 142,196123,47915.158
Investments 25,87621,28821.552
Loans and Advances Portfolio (Financing & Investment) 103,17887,66717.693
Customer Deposits 107,41792,81615.731
Profit (Loss) per Share 0.470.66
All figures are in (Millions) Saudi Arabia, Riyals
Capital
20,000,000
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to Same Quarter Last Year is Attributed to Despite the increase in the income from financing and investments by 5%, the net profit for the quarter has declined due to the decline in the total operating income by 1.3% as a result of the decrease in fee income in addition to the revaluation loss on FVSI investments. On the other hand, the total operating expenses increased mainly due the higher impairment charges, salaries and general administrative expenses compared to similar quarter last year.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The increase is mainly due to the increase in total operating income by 6% due to the lower revaluation loss from FVSI investments partly offset by the lower fee income. In addition, the total operating expenses decreased due to the lower imparment charges compared to the previous quarter.
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to Despite the increase in the income from financing and investments by 10% and the increase in exchange income by 29%, the net profit for the period has declined due to slightly decline in the total operating income by 1% mainly for losses on revaluation of investments and lower fee income . In addition, the total operating expenses increased mainly due the higher impairment charges, salaries and general administrative expenses compared to similar quarter last year.
Basis of the External Auditor's Opinion Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Some items have been reclassified.
Additional Information For calculation of earning per share, 10 million treasury shares have been excluded.

Earnings per share is calculated by dividing the net income after zakat for the period ended 30 June 2020 and 30 June 2019 by 1,987 million shares to give a retrospective effect of increase in the number of shares as a result of the recent 33% bonus issue of shares.

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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