Alinma Bank — Interim / Quarterly Report 2021

Aug 1, 2021

Alinma Bank announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

1150 · 01/08/2021 08:29:03 · Announcement #64309 · View on Saudi Exchange

Alinma Bank announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total income from Special Commissions/Financing & Investments	1,362.2	1,342.7	1.452	1,348.8	0.993
Net Income from Special Commissions/Financing & Investments	1,230.8	1,127.3	9.181	1,204.5	2.183
Total Operation Profit (Loss)	1,654.9	1,332.4	24.204	1,606.3	3.025
Net Profit (Loss) before Zakat and Income Tax	792	636.1	24.508	715.6	10.676
Net Profit (Loss)	710.3	572.5	24.069	641.8	10.673
Total Comprehensive Income	709.1	606.8	16.858	646.6	9.665
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total income from Special Commissions/Financing & Investments	2,711	2,737.8	-0.978
Net Income from Special Commissions/Financing & Investments	2,435.2	2,248.5	8.303
Total Operation Profit (Loss)	3,261.2	2,591.7	25.832
Net Profit (Loss) before Zakat and Income Tax	1,507.6	1,047.5	43.923
Net Profit (Loss)	1,352.2	942.8	43.423
Total Comprehensive Income	1,355.7	942.5	43.84
Total Share Holders Equity (after Deducting Minority Equity)	25,198.9	23,385.9	7.752
Assets	164,056.6	142,196	15.373
Investments	30,699.4	25,875.6	18.642
Loans and Advances Portfolio (Financing & Investment)	119,622.6	103,177.8	15.938
Clients' deposits	125,878.1	107,417.3	17.186
Profit (Loss) per Share	0.68	0.47
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net income increased due to the increase in total operating income by 24.2%, mainly due to the increase in net financing and investment income, FVIS investment income, fee income, and other operating income.

In the other hand, the total operating expenses increased by 3.9% due to the increase in general and administrative expenses and salaries expenses, partly offset by the decrease in the depreciation expense.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Net income increased due to the increase in total operating income by 3%, mainly due to the increase in net financing and investment income, FVIS investment income, exchange income, and other operating income partly offset by the lower fee income and dividends income.

In the other hand, the total operating expenses decreased by 4.1% due to the lower salaries expense and general and administrative expenses.The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net income increased due to the increase in total operating income by 25.8%, 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 5.8% due to the increase in general and administrative expenses and salaries expenses, partly offset by the decrease in the depreciation expense.Statement of the type of external auditor's report Unmodified opinionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NoneReclassification of Comparison Items Some items have been reclassified.Additional Information 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 30 June 2021 and 30 June 2020 by 1,988 million shares.

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.