Mr. Abdullah bin Suleiman Al Rajhi, Chairman and CEO of Al Rajhi Bank, announced that the Bank has achieveda net profit of SR 1,936 million for Q32011, which is 18% more than the prior year period that attained SR 1,640 million. The total operating income reached SR 3,192,indicating an increase of 8% compared to the SR 2,966 million of the similar prior year period. As for financing net profit, it decreased to SR 2,184 million;however, investment income increased by 40% reachingan amount of SR 128 million.Revenues of banking services reached 664 million compared to 373 million in Q3 2010 representing an increase of 78%.

Compared to the last 9 months of last year, net income has reached SR 5,479 million, which increased by7.4%.Total operating income reached SR 9,179 million representing an increase 4.3%. Investment revenues achieved an increase of 70.2%, which reachedSR 307 million.Asthe Bank continues its determined stepsto further develop banking services and to maintain its customers’ trust, the revenues of banking services increased by 39% to reach SR 1,693 million.

Mr. Al Rajhi clarified that the Bank’s positive resultscontributed to an increase in the shareholders equity to 31 billion compared to 29 billion in Q3 2010 an increase of 7%. At the same time, the total assets increased toSR 213 billion compared to SR182 billion in Q3 2010, which means it increased by 17%.On the other hand, financing assetsreached SR135 billion,showing an increase of 13%. The accounts of customers also increased aboutSR 167 billion in contrast to SR 142 billion, pointing to a rise of 17.6%. TheBank reached an increase of 3.7% in revenue of assets, while the revenue on the equity of shareholders rose by 24%.Whereas the profit per share is SR 3.65 in those 9 monthsin comparison to the SR 3.40of the same period last year.

Mr. Al Rajhi pointed out that the lucrative successesachieved by the Bank in this last period weredue to the diversification of the sources of revenues,and tothe development of both the investment and banking sectorsin parallelto the fortified attention aimed at the level of customer servicethroughout the large network of 495 branches and 2,986 sophisticated ATMs.

Al Rajhi’s Chairman and CEO concluded his statement by extending his appreciation, and that of all Board members, to their customers for their loyalty and to their employees for the deployed efforts that achieved these profitable results.