consolidated statement of cash flows

For the year ended 31 December	Notes	2025 (X ’000)	2024 (X ’000)
Cash Flows from operating activities
Net Income before Zakat		27,646,496	21,967,895
Adjustments to reconcile net income before zakat to net cash from operating activities:
Gain on investments held at fair value through statement of income (FVIS)	24	118,723	(66,803)
Depreciation on property, equipment, right of use and software, net	12	2,348,144	1,961,180
Depreciation on investment properties	11	20,913	20,734
Gain on sale of property and equipment, net	24	(8,866)	(5,217)
Impairment charge for financing and other financial assets, net	8	2,320,481	2,116,744
Share in profit of associates	24	(117,933)	(137,344)
Dividend income	24	(226,866)	(303,162)
Accretion/amortisation relating to Sukuk investments, net		163,316	(160,360)
Profit charge against lease obligations		22,024	22,904
Fair value adjustment for derivatives		436,544	(142,725)
Rental income from investment properties	24	(106,175)	(98,543)
Employee share plan reserve	19	–	(37,110)
(Increase)/decrease in operating assets
Statutory deposit with SAMA and other central banks		754,672	(5,250,216)
Due from banks and other financial institutions		3,439,112	(4,585,138)
Financing, net		(61,670,609)	(101,321,661)
FVIS investments, net		328,307	(2,860,673)
Other assets, net		(2,611,220)	1,063,304
Disposal group classified as held for sale		(550,879)	–
Increase/(decrease) in operating liabilities
Due to banks, Saudi Central Bank and other financial institutions		(393,581)	62,308,769
Customers’ deposits		12,298,999	50,079,426
Other liabilities		(4,486,367)	11,827,515
Liabilities associated with disposal group classified as held for sale		166,874	–
Profit payment against lease obligations		(22,024)	(22,904)
Net cash (used in)/generated from operating activities before Zakat		(20,129,915)	36,376,615
Zakat paid	27	(2,243,157)	(2,725,225)
Net cash (used in)/generated from operating activities		(22,373,072)	33,651,390

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

For the year ended 31 December	Notes	2025 (X ’000)	2024 (X ’000)
Cash flows from investing activities
Purchase of property and equipment	12	(3,523,379)	(3,557,124)
Proceeds from disposal of property and equipment		1,153,556	340,971
Purchase of FVOCI investments		(2,846,001)	(11,809,617)
Proceeds from disposal of FVOCI investments		4,220,084	–
Proceeds from maturities of held at amortized cost investments		26,969,314	6,850,808
Purchase of investments held at amortised cost		(27,858,783)	(33,952,745)
Purchase of Investment properties		(12,299)	(16,714)
Dividend income received	24	226,866	303,162
Rental income from investment properties	24	106,175	98,543
Net cash used in investing activities1		(1,564,467)	(41,742,716)
Cash flows from financing activities
Dividends paid	32	(8,840,000)	(9,600,000)
Equity Sukuk costs		(1,376,946)	(1,035,867)
Equity Sukuk issued/called	20	4,354,064	7,053,815
Payments against lease obligation		(243,422)	(260,896)
Debt securities and term financing	16	42,408,653	23,599,043
Net cash generated from financing activities		36,302,349	19,756,095
Net increase in cash and cash equivalents		12,364,810	11,664,769
Cash and cash equivalents at the beginning of the year		24,100,411	12,435,642
Cash and cash equivalents at end of the year	33	36,465,221	24,100,411
Financing and investment income received during the year		53,477,774	45,188,022
Financing and investment return paid during the year		25,158,828	21,890,213
Supplemental Non–cash transactions:
ROU assets		152,125	89,069
Lease Liability		30,945	111,217
Net change in fair value of FVOCI investments		914,370	(324,281)
Remeasurement gain on EOSB		55,816	57,481
Disposal group classified as held for sale		–	1,002,450
Non-current liabilities associated with disposal group classified as held for sale		–	846,376

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