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financial statements
consolidated statement
of income
| For the year ended 31 December | Notes | 2023 (SAR ’000) |
2022 (SAR ’000) |
| Income | |||
| Gross financing and investment income | 19 | 28,201,631 | |
| Gross financing and investment return | 19 | (6,028,944) | |
| Net financing and investment income | 19 | 22,172,687 | |
| Fee income from banking services | 20 | 8,767,272 | |
| Fee expenses from banking services | 20 | (4,143,132) | |
| Fee from banking services, net | 20 | 4,624,140 | |
| Exchange income, net | 1,162,162 | ||
| Other operating income, net | 21 | 616,030 | |
| Total operating income | 28,575,019 | ||
| Expenses | |||
| Salaries and employees’ related benefits | 22 | 3,395,191 | |
| Depreciation, amortisation and impairment | 9,10,11 | 1,330,119 | |
| Other general and administrative expenses | 23 | 2,394,841 | 2,725,760 |
| Total operating expenses before credit impairment charge |
7,451,070 | ||
| Impairment charge for financing and other financial assets, net |
7 | 2,001,259 | |
| Total operating expenses | 9,452,329 | ||
| Net income for the year before Zakat | 19,122,690 | ||
| Zakat Expense | 43 | (1,971,865) | |
| Net income for the year | 17,150,825 | ||
| Basic and diluted earnings per share (SAR) | 24 | 4.24 |
The accompanying Notes from 1 to 44 form an integral part of these consolidated financial statements.
Chairman
Chief Executive Officer
Chief Financial Officer