| Reasons of increase (decrease) for quarter compared with same quarter last year |
Net income increased due to the increase of total operating income by 10%, mainly due to the increase in income from Financing and investments in addition to increase in fee from banking services, dividends and exchange income. On the other hand, the total operating expenses decreased by 8% mainly due to decrease in provisions for impairment of financing & investments and depreciation, while general and administrative expenses increased. |
| Reason of increase (decrease) for quarter compared with the previous quarter |
Net income increased due to the decrease in provisions for impairment of financing & investments, salaries, general and administrative expenses. On the other hand, the total operating income decreased by 15% mainly due to decrease in fee from banking services and the income from financing & investments. |
| Reclassifications in quarterly financial results |
The previous period numbers have been reclassified to conform current period presentation. |
| Other notes |
Gross financing and investment income for the three month period ended March 31, 2018 was SAR 1,113 million as compared to SAR 1,008 million in corresponding period of last year, an increase of 10%. Total comprehensive income for the three months period ended March 31, 2018 was SAR 572 million as compared to SAR 455 million last year, a increase of 26%. Total shareholders equity there are no minority rights as at March 31, 2018 was SAR 20.2 billion compared to SAR 19.6 billion for same period of last year, an increase of 3%. For calculation of earning per share, 10 million treasury shares have been excluded. |
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