Mubasher TV
Contact Us Advertising   العربية

Al Rajhi Bank records SAR 7bn net profits in H1-21

Al Rajhi Bank records SAR 7bn net profits in H1-21
Earnings per share stood at SAR 2.78 in H1-21
Default Company
1120.O
0.00% 0.00 0.00

Riyadh – Mubasher: Al Rajhi Bank posted an increase of 44% in net profits after Zakat and tax to SAR 6.94 billion during the first half (H1) of 2021 from SAR 4.81 billion in H1-20.

Earnings per share stood at SAR 2.78 in H1-21, compared to SAR 1.93 in H1-20, according to the financial results on Sunday.

Clients’ deposits grew by 33.7% to SAR 447.5 billion in H1-21 from SAR 334.66 billion in H1-20.

At the end of June 2021, Al Rajhi Bank’s assets increased by 30.7% to SAR 546.13 billion from SAR 417.68 billion in the same period last year.

Total operating profits rose by 25.6% to SAR 12.28 billion in H1-21 from SAR 9.77 billion in H1-20.

During the second quarter (Q2) of 2021, the lender’s net profits increased by 47.9% to SAR 3.6 billion from SAR 2.43 billion in Q2-20.

Total operating profits in Q2-21 stood at SAR 6.33 billion, up 31% from SAR 4.8 billion in Q2-20.   

On a quarterly basis, the net profits in Q2-21 were 8% higher than SAR 3.33 billion in Q1-21. The total operating profit also grew 6.5% from SAR 5.94 billion.

Al Rajhi Bank’s board earlier gave the green light for paying 14% of the capital as cash dividends for H1-21.