| For the year ended 31 December |
2018
(USD '000) |
2017
(USD '000) |
| Income |
|
|
| Gross financing and investment income |
3,669,189 |
3,354,934 |
| Return on customers’, banks’ and financial institutions’ time investments |
(135,126) |
(147,090) |
|
Net financing and investment income |
3,534,062 |
3,207,845 |
| Fee from banking services, net |
827,010 |
719,255 |
| Exchange income, net |
201,548 |
224,490 |
| Other operating income, net |
55,919 |
89,704 |
| Total operating income |
4,618,538 |
4,241,294 |
| Expenses |
|
|
| Salaries and employees’ related benefits |
749,186 |
750,378 |
| Rent and premises related expenses |
83,885 |
82,937 |
| Depreciation and amortisation |
117,912 |
117,484 |
| Other general and administrative expenses |
513,471 |
445,614 |
| Impairment charge for financing, net |
408,252 |
412,687 |
| Total operating expenses |
1,872,707 |
1,809,101 |
| Net income for the year |
2,745,831 |
2,432,194 |
| Weighted average number of shares outstanding (million) |
1,625 |
1,625 |
| Basic and diluted earnings per share (in USD) |
1.69 |
1.50 |
Exchange rate of SAR 3.75 per US dollar has been used for the above conversion of SAR Financial Statements into US dollar.
