Alinma Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
October 09, 2015 at 04:32 am EDT
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Alinma Bank reported earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the net profit was SAR 375 million, representing an improvement over the SAR 331 million net profit earned in the corresponding quarter of 2014, an increase of 13% and an increase of 3% over the SAR 365 million earned during the second quarter of 2015. Total operating income for the third quarter of 2015 stood at SAR 708 million, compared to SAR 687 million for the same quarter of the previous year, an increase of 3%. Net income from financing and investment activities amounted to SAR 548 million, compared to SAR 529 million from the same quarter of the previous year, an increase of 4%.
For the nine months, net profit of SAR 1,084 million for the nine months period ended September 2015 as compared to SAR 932 million during the corresponding period last year, registering a growth of 16%. Earnings per share for the nine months of 2015 rose to 73 halalas, compared to 63 halalas per share earned during the same period of the previous year.
Alinma Bank SJSC is a Saudi Arabia-based bank, which provides banking services. The Company operates in following segments: Retail banking, which provides financing, deposit and other products, services for individuals; Corporate banking, which includes financing, deposit and other products and services for corporate, Small and medium-sized enterprises (SME) and institutional customers; Treasury, which includes murabahas with banks, investments, and treasury services; Investment and brokerage, which includes asset management, custodianship, advisory, underwriting and brokerage services. The Bank provides a full range of banking and investment services through products and instruments that are in accordance with Shariaâa, its by-Laws. The Companyâs subsidiaries include Alinma Investment Company, Al-Tanweer Real Estate Company, Saudi Fintech Company, Esnad Company, and Alinma SPV Ltd, among others.
ALINMA BANK 
