Alinma Bank — Earnings Release 2022

Feb 6, 2022

Alinma Bank announces its Annual Financial Results for the Period Ending on 2021-12-31

1150 · 06/02/2022 15:34:09 · Announcement #66579 · View on Saudi Exchange

Alinma Bank announces its Annual Financial Results for the Period Ending on 2021-12-31

Element List	Current Year	Previous Year	%Change
Total income from Special Commissions/Financing & Investments	5,674	5,470	3.729
Net Income from Special Commissions/Financing & Investments	5,137	4,648	10.52
Total Operation Profit (Loss)	6,667	5,682	17.335
Net Profit (Loss) before Zakat and Income Tax	3,022	2,202	37.238
Net Profit (Loss)	2,709	1,966	37.792
Total Comprehensive Income	2,661	1,980	34.393
Total Share Holders Equity (after Deducting Minority Equity)	30,711	24,429	25.715
Assets	173,476	156,877	10.58
Investments	33,278	29,526	12.707
Loans and Advances Portfolio (Financing & Investment)	126,271	111,196	13.557
Clients' deposits	121,061	119,454	1.345
Profit (Loss) per Share	1.31	0.99
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net income increased due to the increase in total operating income by 17.3%, mainly due to the increase in net financing and investment income, FVIS investment income, fee income, and other operating income partly offset by the lower exchange income.

In the other hand, the total operating expenses increased by 4.2% due to the increase in general and administrative expenses and salaries expenses, partly offset by the lower impairment charge for expected credit losses. Statement of the type of external auditor's report 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 Net impairment charge for expected credit losses reached to SAR 1,266.3mn for the current year against SAR 1,418.5mn for previous year with a deacrease of 10.7%.

For calculation of earning per share, 12.2 million treasury shares have been excluded.

Earnings per share is calculated by dividing the net income after zakat for the period ended 31 Dec 2021 and 31 Dec 2020 by 1,987.7 million and 1,987.1 million shares, respectively

The Capital Market Authority and Saudi 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.