Aljazira Bank Reports SAR 405M Net Profit in Three Months 2026
BJAZ 1020.SA | 0.00 |
On 2026-04-21 15:34:43 (Saudi Time), aljazira bank announced its Interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Total Income From Special Commission of Financing | 1,724.9 | 1,584.8 | 8.84 | 1,738.4 | -0.776 |
| Total Income From Special Commission of Investment | 534.2 | 496.9 | 7.506 | 498.2 | 7.226 |
| Net Income From Special Commission of Financing | 664.2 | 634.3 | 4.713 | 645.8 | 2.849 |
| Net Income From Special Commission of Investment | 154.5 | 119.6 | 29.18 | 127.2 | 21.462 |
| Total Operations Profit (Loss) | 1,152.2 | 1,079.2 | 6.764 | 1,184.9 | -2.759 |
| Net Profit (Loss) before Zakat and Income Tax | 471.7 | 411.9 | 14.518 | 479.4 | -1.606 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 405 | 361 | 12.188 | 362.3 | 11.785 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 492.1 | 750 | -34.386 | 229 | 114.89 |
| Total Operating Expenses Before Provisions for Credit and Other Losses | 607.8 | 565.7 | 7.442 | 610.5 | -0.442 |
| Total Provision of Expected Credit Losses And Other Losses (Reversing Entry), Net | 74.4 | 103 | -27.766 | 99.8 | -25.45 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Assets | 173,114 | 153,369 | 12.874 |
| Investments | 40,232 | 36,923 | 8.961 |
| Loans And Advances Portfolio (Financing And Investment) | 114,266 | 100,571 | 13.617 |
| Clients' deposits | 123,958 | 109,644 | 13.054 |
| Total Shareholders Equity (after Deducting Minority Equity) | 23,004 | 19,081 | 20.559 |
| Profit (Loss) per Share | 0.24 | 0.28 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Net profit attributable to shareholders increased 12.188% YoY to SAR 405 million, driven by a 6.764% rise in total operations profit to SAR 1,152.2 million. The improvement was primarily due to increased net financing and investment income from portfolio growth, enhanced net gains on FVIS financial instruments and dividend income, partially offset by higher operating expenses. Additionally, net impairment charges decreased 27.766% to SAR 74.4 million due to lower provisioning requirements for commercial financing.
Quarter-on-Quarter Performance Drivers
QoQ net profit increased 11.785% from 362.3 million to 405 million SAR, driven by a 4% decrease in total operating expenses and 44% reduction in zakat expense. The expense reduction was primarily due to 26% lower net impairment charges for financing assets, particularly commercial financing. Operating income declined 3% due to decreased net gains on FVIS financial instruments, though this was offset by higher net financing and investment income.
Other Items
Al Jazira Bank received an unmodified audit conclusion with no additional comments, disclaimers, or adverse opinions noted by external auditors. The bank reported total assets of SAR 173,114 million with shareholders' equity of SAR 23,004 million, representing a 20.559% increase from the previous year. No accumulated losses were reported, and earnings per share stood at SAR 0.24 compared to SAR 0.28 in the prior year period. The bank maintains a strong capital position with SAR 8.2 billion in Tier 1 Sukuk included in total equity, and has implemented an Employee Share Plan with 4.5 million treasury shares allocated for employee allocation following approval at the December 11, 2024 Extraordinary General Assembly Meeting.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94562&anCat=1&cs=1020&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.