financial statements

consolidated
statement of
financial position

As at 31 December	Notes	2024 (SAR ’000)	2023 (SAR ’000)
Assets
Cash and balances with central banks	4	53,244,710	41,767,641
Due from banks and other financial institutions, net	5	19,529,727	9,506,673
Investments, net	6	175,033,587	133,375,565
Positive fair value of Shariah compliant derivatives	7	1,905,903	877,676
Financing, net	8	693,409,723	594,204,806
Other assets, net	9	12,537,842	11,716,865
Investment in associates	10	1,034,262	923,046
Investment properties, net	11	1,358,638	1,362,658
Property, equipment, and right of use assets, net	12	13,894,302	12,852,774
Goodwill and other intangible assets, net	13	1,435,512	1,510,568
Disposal group classified as held for sale	14	1,002,450	–
Total assets		974,386,656	808,098,272

As at 31 December	Notes	2024 (SAR ’000)	2023 (SAR ’000)
Liabilities and equity
Liabilities
Due to banks, Saudi Central Bank and other financial institutions	15	173,434,597	97,246,889
Customers’ deposits	16	628,238,501	573,100,607
Negative fair value of Shariah compliant derivatives	7	1,679,043	793,541
Sukuk issued	17	8,450,753	3,789,117
Other liabilities	18	38,598,155	26,408,687
Liabilities associated with disposal group classified as held for sale	14	846,376	–
Total liabilities		851,247,425	701,338,841
Equity
Share capital	19	40,000,000	40,000,000
Statutory reserve	20	38,373,547	33,442,996
Other reserves	20	(311,814)	(96,606)
Retained earnings		21,417,282	16,913,041
Equity attributable to shareholders of the Bank		99,479,015	90,259,431
Equity sukuk	21	23,553,815	16,500,000
Total equity attributable to equity holders of the Bank		123,032,830	106,759,431
Non-controlling interests		106,401	–
Total equity		123,139,231	106,759,431
Total liabilities and equity		974,386,656	808,098,272

The accompanying Notes from 1 to 44 form an integral part of these consolidated financial statements.

Chairman

Chief Executive Officer

Chief Financial Officer