For the year ended December 31
| 2022 (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 | (94,159) | 1,268,845 | 122,601 | 3,618,609 | 795,131 | 25,711,027 | 5,000,000 | 30,711,027 | |
| Net income for the year after Zakat | – | – | – | – | 3,599,140 | – | 3,599,140 | – | 3,599,140 | |
| Net change in fair value of FVOCI equity investments | 17.2 | – | – | – | (412,976) | – | – | (412,976) | – | (412,976) |
| Actuarial loss on remeasurement of End of Service Benefits Scheme balances | 26.2 | – | – | – | 12,226 | – | – | 12,226 | – | 12,226 |
| Net change in fair values of FVOCI Sukuk investments | 17.2 | – | – | – | (247,262) | – | – | (247,262) | – | (247,262) |
| Gain on sale of FVOCI Sukuk investments | 17.2 | – | – | – | (993) | – | – | (993) | – | (993) |
| Total comprehensive income | – | – | – | (649,005) | 3,599,140 | – | 2,950,135 | – | 2,950,135 | |
| Loss on sale of FVOCI equity investments | 17.2 | – | – | – | 347 | (347) | – | – | – | – |
| Transfer to statutory reserve | 16 | – | – | 899,785 | – | (899,785) | – | – | – | – |
| Tier 1 Sukuk costs | – | – | – | – | (150,000) | – | (150,000) | – | (150,000) | |
| Final dividends paid for 2021 | 15.1 | – | – | – | – | – | (795,131) | (795,131) | – | (795,131) |
| Interim dividends paid for 2022 | 15.1 | – | – | – | – | (896,121) | – | (896,121) | – | (896,121) |
| Proposed final dividends for 2022 | 15.1 | – | – | – | – | (996,096) | 996,096 | – | – | – |
| Employee share based plans and other reserve movements | 17.2 | – | 28,138 | – | 18,661 | 9,604 | – | 56,403 | – | 56,403 |
| Balance at the end of the year |
20,000,000 | (66,021) | 2,168,630 | (507,396) | 4,285,004 | 996,096 | 26,876,313 | 5,000,000 | 31,876,313 |
| 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 | (99,996) | 591,498 | 150,592 | 3,786,693 | – | 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 | 17.2 | – | – | – | (411) | – | – | (411) | – | (411) |
| Actuarial loss on remeasurement of End of Service Benefits Scheme balances | 26.2 | – | – | – | (6,311) | – | – | (6,311) | – | (6,311) |
| Net change in fair values of FVOCI Sukuk investments | 17.2 | – | – | – | (41,482) | – | – | (41,482) | – | (41,482) |
| Gain on sale of FVOCI Sukuk investments | 17.2 | – | – | – | (209) | – | – | (209) | – | (209) |
| Total comprehensive income | – | – | – | (48,413) | 2,709,387 | – | 2,660,974 | – | 2,660,974 | |
| Gain on sale of FVOCI equity investments | 17.2 | – | – | – | (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 | 15.1 | – | – | – | – | (596,218) | – | (596,218) | – | (596,218) |
| Interim dividends paid for 2021 | 15.1 | – | – | – | – | (695,736) | – | (695,736) | – | (695,736) |
| Proposed final dividends for 2021 | 15.1 | – | – | – | – | (795,131) | 795,131 | – | – | – |
| Employee share based plans and other reserve movements | 17.2 | – | 5,837 | – | 33,333 | (19,226) | – | 19,944 | – | 19,944 |
| Balance at the end of the year | 20,000,000 | (94,159) | 1,268,845 | 122,601 | 3,618,609 | 795,131 | 25,711,027 | 5,000,000 | 30,711,027 |
The accompanying notes from 1 to 40 form an integral part of these consolidated financial statements.
Chief Financial Officer
Chief Executive Officer
Authorized Board Member