For the year ended December 31
| 2021 (SAR ‘000) | Notes | Share capital |
Statutory reserve |
Other reserves |
Retained earnings |
Proposed dividends |
Treasury shares |
Total equity attributable to the shareholders |
Tier 1 Sukuk |
Total equity |
| Balance at the beginning of the year | 20,000,000 | 591,498 | 177,046 | 3,760,239 | – | (99,996) | 24,428,787 | – | 24,428,787 | |
| Net income for the year after zakat | – | – | – | 2,709,387 | – | – | 2,709,387 | – | 2,709,387 | |
| Net change in fair value of FVOCI equity investments | – | – | (411) | – | – | – | (411) | – | (411) | |
| Actuarial loss on re-measurement of End of Service Benefits Scheme balances | 26.2 | – | – | – | (6,311) | – | – | (6,311) | – | (6,311) |
| Net change in fair values of FVOCI sukuk investments | – | – | (41,482) | – | – | – | (41,482) | – | (41,482) | |
| Net gain realised on sale of FVOCI sukuk investments | – | – | (209) | – | – | – | (209) | – | (209) | |
| Total comprehensive income | – | – | (42,102) | 2,703,076 | – | – | 2,660,974 | – | 2,660,974 | |
| Gain on sale of FVOCI equity investments | – | – | (12,911) | 12,911 | – | – | – | – | – | |
| Issuance of Tier 1 Sukuk and related costs | – | – | – | (106,724) | – | – | (106,724) | 5,000,000 | 4,893,276 | |
| Transfer to statutory reserve | 16 | – | 677,347 | – | (677,347) | – | – | – | – | – |
| Dividends paid for 2020 | 15.2 | – | – | – | (596,218) | – | – | (596,218) | – | (596,218) |
| Interim dividends paid for 2021 | 15.2 | – | – | – | (695,736) | – | – | (695,736) | – | (695,736) |
| Proposed final dividends for 2021 | 15.2 | – | – | – | (795,131) | 795,131 | – | – | – | – |
| Employees share based plan and other reserve | 17 | – | – | 33,333 | (19,226) | – | 5,837 | 19,944 | – | 19,944 |
| Balance at the end of the year | 20,000,000 | 1,268,845 | 155,366 | 3,585,844 | 795,131 | (94,159) | 25,711,027 | 5,000,000 | 30,711,027 |
| 2020 (SAR ‘000) | Notes |
Share capital |
Statutory reserve |
Other reserves |
Retained earnings |
Proposed issue of bonus shares |
Treasury shares |
Total equity |
| Balance at the beginning of the year | 15,000,000 | 100,000 | 161,097 | 2,287,302 | 5,000,000 | (103,475) | 22,444,924 | |
| Net income for the year after zakat | – | – | – | 1,965,992 | – | – | 1,965,992 | |
| Net change in fair value of FVOCI equity investments | – | – | 9,032 | – | – | – | 9,032 | |
| Actuarial loss on re-measurement of End of Service Benefits Scheme balances | 26.2 | – | – | – | (11,706) | – | – | (11,706) |
| Net change in fair values of FVOCI sukuk investments | – | – | 17,201 | – | – | – | 17,201 | |
| Net gain realized on sale of FVOCI sukuk investments | – | – | (944) | – | – | – | (944) | |
| Total comprehensive income | – | – | 25,289 | 1,954,286 | – | – | 1,979,575 | |
| Gain on sale of FVOCI equity investments | – | – | (21,031) | 21,031 | – | – | – | |
| Transfer to statutory reserve | 16 | – | 491,498 | – | (491,498) | – | – | – |
| Issuance of bonus shares | 15.1 | 5,000,000 | – | – | – | (5,000,000) | – | – |
| Employees share based plan and other reserve | 17 | – | – | 11,691 | (10,882) | – | 3,479 | 4,288 |
| Balance at the end of the year | 20,000,000 | 591,498 | 177,046 | 3,760,239 | – | (99,996) | 24,428,787 |
The accompanying notes from 1 to 41 form an integral part of these consolidated financial statements.
Chief Financial Officer
Chief Executive Officer
Authorized Board Member