Hello,

How can we help you navigate better through our Integrated Report?

Select the topic that most interests you from the choices and we will suggest suitable sections from our Report that you could read.

About the Bank Learn about the Bank’s strategy Learn about the Bank’s governance policies, practices and standards The Bank’s financial performance Statements from senior decision-makers of the Bank Relationships with customers, business partners and investors The Bank’s environmental and societal commitment

Consolidated Statement of Income

For the years ended December 31, 2018 and 2017


Notes
2018
SAR ’000
2017
SAR ’000
Special commission income 20,41 3,633,416 3,370,224
Special commission expense 20,41 1,345,695 1,195,824
Net special commission income 2,287,721 2,174,400
Fee income from banking services, net 21,41 295,002 279,817
Exchange income, net 140,625 136,772
Dividend income 22 5,407 19,749
Realized fair value through profit and loss 4,528
Unrealized fair value through profit and loss (20,464)
Losses on FVOCI debt securities, net 23 (59)
Gains on investments, net 23 49,130
Other (loss) operating income, net (30) 15
Total operating income 2,712,730 2,659,883
Salaries and employee-related expenses 24 625,991 579,105
Rent and premises-related expenses 151,954 161,980
Depreciation and amortization 9 103,239 92,559
Other general and administrative expenses 252,001 225,670
Provisions for credit losses 5,6,7, 10,16 246,972 213,000
Impairment charge for equity investments 6 108,622
Total operating expenses 1,380,157 1,380,936
Operating income 1,332,573 1,278,947
Share in earnings of associates 8 126,145 131,851
Net income 1,458,718 1,410,798
Basic and diluted earnings per share (expressed in SAR per share) 25 1.86 1.83

The accompanying Notes 1 to 43 form an integral part of these Consolidated Financial Statements.

Close