Riyadh – Mubasher: Bank Aljazira posted a 10.24% year-on-year (YoY) rise in net profit to SAR 1.10 billion in 2022 from SAR 1 billion, according to the income statements.

Earnings per share (EPS) stood at SAR 1.26 last year, higher than SAR 1.18 in 2021.

During the January-December 2022 period, the clients’ deposits amounted to SAR 86.02 billion, an annual growth of 9.77% from SAR 78.36 billion.

The assets jumped by 12.66% to SAR 115.84 billion in 2022 from SAR 102.82 billion in 2021, whereas the investments soared by 10.18% to SAR 34.63 billion from SAR 31.43 billion.

In the first nine months (9M) of 2022, the Saudi lender achieved net profits worth SAR 865.30 million, up 11.32% from SAR 777.30 million in the January-September 2021 period.