Saudi Awwal Bank announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Saudi Awwal Bank announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Gross Income from Special Commissions/Financing & Investments||4,089||2,013||103.13||3,801||7.58|

|Net Income from Special Commissions/Financing & Investments||2,527||1,718||47.09||2,534||-0.28|

|Total Operation Profit (Loss)||3,067||2,242||36.8||3,218||-4.69|

|Net Profit (Loss) before Zakat and Income Tax||1,979||1,297||52.58||2,012||-1.64|

|Net Profit (Loss)||1,550||1,082||43.25||1,765||-12.18|

|Total Comprehensive Income||1,170||817||43.21||2,341||-50.02|

|Total Provisions (Reversals) for Expected Credit and Other Losses, net||139||136||2.21||229||-39.3|

|Total Operating Expenses Before Provisions for Credit and Other Losses||996||863||15.41||1,006||-0.99|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Gross Income from Special Commissions/Financing & Investments||7,890||3,602||119.04|

|Net Income from Special Commissions/Financing & Investments||5,061||3,132||61.59|

|Total Operation Profit (Loss)||6,284||4,254||47.72|

|Net Profit (Loss) before Zakat and Income Tax||3,991||2,476||61.19|

|Net Profit (Loss)||3,314||2,086||58.87|

|Total Comprehensive Income||3,511||1,552||126.22|

|Total Share Holders Equity (excluding Non-Controlling Interest)||56,693||53,808||5.36|

|Assets||334,913||302,539||10.7|

|Investments||93,530||73,064||28.01|

|Loans and Advances Portfolio (Financing & Investment)||198,671||176,214||12.74|

|Total Provisions (Reversals) for Expected Credit and Other Losses, net||367||196||87.24|

|Total Operating Expenses Before Provisions for Credit and Other Losses||2,002||1,704||17.49|

|Clients' deposits||222,734||207,451||7.37|

|Profit (Loss) per Share||1.61||1.02|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| The net profit was higher by SAR 468 million, primarily driven by higher total operating income. This was partially offset by an increase in provision for Zakat and income tax including previous years Zakat provisions and further contributed by an increase in the