Further to the announcement published on Tadawul's website on 21-2-2017 relating to the annual financial results for the year ended on 31-12-2017, it had been stated that:

Reasons of increase (decrease) for period compared with same period last year:
The Net Income decreased as a result of lower operating income which decreased by 5.8%. The decrease in total Operating income is attributed to decrease in Fee from banking services, FVIS Income, Trading income, Gains on Non Trading investments and Other Operating Income. The decrease was offset by increase in net Special Commission Income, foreign exchange income and decrease in total Operating Expenses.

Reason of increase (decrease) for quarter compared with the previous quarter:
The Net Income has increased due to increase in total Operating Income which is mainly due to increase in Net Special Commission income, FVIS income, Trading income and Other operating income. This was offset by decrease in fee from banking services, exchange income and gains on non-trading investments. The total operating expenses also increased 4.1% due to increase in credit costs and other general and administrative expenses for the year.

And the correct announcement is:
Reasons of increase (decrease) for period compared with same period last year:
The Net Income has increased due to increase in total Operating Income which is mainly due to increase in Net Special Commission income, FVIS income, Trading income and Other operating income. This was offset by decrease in fee from banking services, exchange income and gains on non-trading investments. The total operating expenses also increased 4.1% due to increase in credit costs and other general and administrative expenses for the year.

Reason of increase (decrease) for quarter compared with the previous quarter:
The Net Income decreased as a result of lower operating income which decreased by 5.8%. The decrease in total Operating income is attributed to decrease in Fee from banking services, FVIS Income, Trading income, Gains on Non Trading investments and Other Operating Income. The decrease was offset by increase in net Special Commission Income, foreign exchange income and decrease in total Operating Expenses.