Alinma Bank — Interim / Quarterly Report 2021

Apr 21, 2021

Alinma Bank announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

1150 · 21/04/2021 15:22:49 · Announcement #62921 · View on Saudi Exchange

Alinma Bank announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Total income from Special Commissions/Financing & Investments	1,349	1,395	-3.297	1,400	-3.642
Net Income from Special Commissions/Financing & Investments	1,204	1,121	7.404	1,237	-2.667
Total Operation Profit (Loss)	1,619	1,268	27.681	1,631	-0.735
Net Profit (Loss) before Zakat and Income Tax	716	411	74.209	439	63.097
Net Profit (Loss)	642	370	73.513	394	62.944
Total Comprehensive Income	647	336	92.559	389	66.323
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	25,081	22,779	10.105
Assets	159,951	138,021	15.888
Investments	28,819	24,621	17.05
Loans and Advances Portfolio (Financing & Investment)	117,149	97,784	19.803
Clients' deposits	120,707	103,874	16.205
Profit (Loss) per Share	0.32	0.19
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 27.7%, 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 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 decrease in the credit impairment charges from SAR 650 million to SAR 344 million or 47.1%. In the other hand, the total operating expenses increased due to the higher salaries expenses, partly offset by the decrease in general and administrative and depreciation expenses.

In contrast, the total operating income decreased by 0.7% mainly due to the decrease in the net financing and investment income by 2.6%, which was partly offset by increase in income from FVIS investment, foreign exchange income, and other operating income.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, 12.6 million treasury shares have been excluded.

Earnings per share is calculated by dividing the net income after zakat for the period ended 31 March 2021 and 31 March 2020 by 1,987 million shares to give a retrospective effect of the bonus shares issuance.

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.