| For the years ended 31 December |
Notes |
2018
(SAR ’000) |
2017
(SAR ’000) |
| Income |
|
|
|
| Gross financing and investment income |
17 |
13,759,457 |
12,581,004 |
| Return on customers’, banks’ and financial institutions’ time investments |
17 |
(506,724) |
(551,587) |
| Net financing and investment income |
17 |
13,252,733 |
12,029,417 |
| |
|
|
|
| Fee from banking services, net |
18 |
3,101,286 |
2,697,208 |
| Exchange income, net |
|
755,804 |
841,839 |
| Other operating income, net |
19 |
209,695 |
336,390 |
| Total operating income |
|
17,319,518 |
15,904,854 |
| |
|
|
|
| Expenses |
|
|
|
| Salaries and employees’ related benefits |
20 |
2,809,449 |
2,813,918 |
| Rent and premises related expenses |
|
314,567 |
311,015 |
| Depreciation and Amortisation |
8 |
442,171 |
440,566 |
| Other general and administrative expenses |
21 |
1,925,518 |
1,671,052 |
| Impairment charge for financing and other financial assets, net |
7 |
1,530,946 |
1,547,577 |
| Total operating expenses |
|
7,022,651 |
6,784,128 |
| |
|
|
|
| Net income for the year |
|
10,296,867 |
9,120,726 |
| Weighted average number of shares outstanding (million) |
14 & 22 |
1,625 |
1,625 |
| Basic and diluted earnings per share (in SAR) |
22 |
6.34 |
5.61 |
The accompanying Notes from 1 to 39 form an integral part of these consolidated financial statements.
| Chairman |
Chief Executive Officer |
Chief Financial Officer |
