financial statements

consolidated
statement of
income

For the year ended 31 December	Notes	2024 (SAR ’000)	2023 (SAR ’000)
Income
Gross financing and investment income	23	47,018,123	38,737,616
Gross financing and investment return	23	(22,175,077)	(17,468,497)
Net financing and investment income	23	24,843,046	21,269,119
Fee from banking services, income	24	10,768,382	9,394,600
Fee from banking services, expenses	24	(6,075,655)	(5,168,950)
Fee from banking services, net	24	4,692,727	4,225,650
Exchange income, net		1,292,866	1,246,450
Other operating income, net	25	1,226,664	790,190
Total operating income		32,055,303	27,531,409
Expenses
Salaries and employees’ related benefits	26	3,723,809	3,525,096
Depreciation and amortization	11, 12 ,13	1,981,914	1,578,009
Other general and administrative expenses	27	2,264,941	2,394,841
Total operating expenses before credit impairment charge		7,970,664	7,497,946
Impairment charge for financing and other financial assets, net	8	2,116,744	1,504,178
Total operating expenses		10,087,408	9,002,124
Net income for the year before Zakat		21,967,895	18,529,285
Zakat Expense	28	(2,236,709)	(1,908,126)
Net income for the year		19,731,186	16,621,159
Net income for the year attributable to:
Equity holders of the Bank		19,722,206	16,621,159
Non-controlling interests		8,980	–
Net income for the year		19,731,186	16,621,159
Basic and diluted earnings per share (SAR)	29	4.67	3.95

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

Chairman

Chief Executive Officer

Chief Financial Officer