Riyadh – Mubasher: Alinma Bank recorded net profits after tax worth SAR 1.35 billion in the first half (H1) of 2021, an increase of 43% from SAR 942.8 million in H1-21.

Earnings per share stood at SAR 0.68 in H1-21, compared to SAR 0.47 in H1-20, according to a bourse filing on Sunday.

Clients’ deposits grew 17% to SAR 125.87 billion in H1-21 from SAR 107.41 billion in H1-20.

The assets rose by 15.3% to SAR 164.05 billion in H1-21 from SAR 142.19 billion in the same half last year.

Total operating profits surged 25.8% to SAR 3.26 billion in the January-June 2021 period from SAR 2.59 billion in the prior-year period.

During the April-June 2021 period, Alinma Bank achieved a 24% growth in net profits to SAR 710.3 million from SAR 572.5 million in the second quarter (Q2) of 2020.

Total operating profits also increased by 24% to SAR 1.65 billion in Q2-21 from SAR 1.33 billion in Q2-20.

Quarter-on-quarter, the bank’s net profits in Q2-21 were higher by 10.6% than SAR 641.8 million in Q1-21. The total operating profits increased as well by 3% from SAR 1.6 billion.

In a separate announcement, Alinma Bank said it will distribute a cash dividend worth SAR 0.35, representing 3.5% of the share’s par value, for H1-21.

The total value of the dividends will stand at SAR 695.73 million for 1.98 billion shares eligible for dividend payment.

The distribution date will be on 22 August for the shareholders of record date corresponding to 8 August