Bank AlJazira H1 2024 profit rises 33% to SAR 618M; Q2 at SAR 317.6M

Bank AlJazira H1 2024 profit rises 33% to SAR 618M; Q2 at SAR 317.6M

05/08/2024 Argaam Exclusive

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Bank AlJazira’s H1 2024 net profit jumped 33% to SAR 618 million from SAR 464.6 million in the prior-year period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Net Special Commission Income 1,124.15 1,249.48 11.1 %
Operating Income 1,591.60 1,791.36 12.6 %
Total Provisions (112.18) (138.16) (23.2 %)
Net Income 464.64 617.99 33.0 %
Average Shares 1,025.00 1,025.00 -
EPS (Riyals) 0.45 0.60 33.0 %
EPS Diluted (Riyals) 0.41 0.51 21.9 %

The profit growth was attributed to an 11% year-on-year (YoY) increase in net financing and investment income, driven by a 33% YoY rise in income from investments and financing. This increase was fueled by higher income from corporate financing and dues from banks and other financial institutions, driven by portfolio growth and higher rates.

 

Operating income grew by 13% YoY, primarily due to increases in net financing and investment income, net fees from banking services, net gains on financial instruments measured at fair value through income statement (FVIS), and dividend income. However, this was partially offset by a decrease in net gains from the sale of financial assets, currency exchange and derecognition of financial assets measured at fair value through other comprehensive income (FVOCI).

 

The net impairment charge for credit losses rose by 23% YoY, mainly due to higher provisioning requirements for retail financing.



Current Quarter Comparison (M)

Compared With The
Item Q2 2023 Q2 2024 Change‬
Net Special Commission Income 565.62 629.41 11.3 %
Operating Income 807.73 903.06 11.8 %
Debt Provisions (52.18) (82.78) (58.6 %)
Net Income 260.61 317.55 21.9 %
Average Shares 1,025.00 1,025.00 -
EPS (Riyals) 0.25 0.31 21.9 %
EPS Diluted (Riyal) 0.22 0.21 (1.4 %)

On the other hand, total operating expenses increased by 4% YoY, primarily due to higher other general and administrative expenses, net impairment charge for credit losses, salaries and employee-related expenses, as well as depreciation and amortization expenses. This increase was partially offset by a reversal of the impairment charge on the value of other properties.

 

Return on deposits and financial liabilities increased by 39% YoY. In addition, return on deposits and financial liabilities rose by 6% YoY.

 

The lender posted a net profit of SAR 317.6 million, up 22% YoY, in the second quarter of 2024. This growth is attributed to an 11% rise in net income from financing and investments, driven significantly by a 28% increase in income from investments and financing. This uptick was fueled by increased earnings from corporate financing and balances with banks and other financial institutions, bolstered by portfolio growth and higher interest rates.

Balance Sheet (B)

Item 6m 2023 6m 2024 Change‬
Assets 124.44 138.00 10.9 %
Customer Deposits 92.08 98.55 7.0 %
Loan 74.94 87.21 16.4 %

Sequentially, the bank’s net profit grew 5.7% from SAR 300.44 million in Q1 2024.

 

Total shareholders’ equity, no minority interest and excluding sukuk, stood at SAR 16.67 billion as of June 30, 2024, compared to SAR 16.26 billion a year earlier.

 

View More Financial Results

 


Financial results (Million)

Period Net Special Commission Income Change Operating Income Change Debt Provisions Change
Q1 2015 396.23 23.2 % 624.38 22.4 % (36.68) 43.9 %
Q2 2015 403.41 13.2 % 611.63 9.7 % (68.47) 24.9 %
Q3 2015 410.50 8.7 % 532.05 (8.7 %) 39.81 118.9 %
Q4 2015 390.40 0.2 % 580.82 6.4 % 12.27 179.9 %
Q1 2016 370.10 (6.6 %) 564.65 (9.6 %) (27.72) 24.4 %
Q2 2016 384.52 (4.7 %) 579.86 (5.2 %) (30.67) 55.2 %
Q3 2016 407.21 (0.8 %) 575.36 8.1 % (28.63) (171.9 %)
Q4 2016 404.66 3.7 % 544.05 (6.3 %) (38.19) (411.2 %)
Q1 2017 433.98 17.3 % 617.30 9.3 % (46.81) (68.8 %)
Q2 2017 453.44 17.9 % 645.11 11.3 % (61.94) (101.9 %)
Q3 2017 470.08 15.4 % 669.25 16.3 % (85.43) (198.4 %)
Q4 2017 460.11 13.7 % 648.08 19.1 % (72.97) (91.1 %)
Q1 2018 457.74 5.5 % 646.11 4.7 % (17.10) 63.5 %
Q2 2018 479.70 5.8 % 672.23 4.2 % (39.22) 36.7 %
Q3 2018 478.61 1.8 % 665.81 (0.5 %) (22.60) 73.5 %
Q4 2018 487.98 6.1 % 680.59 5.0 % (27.88) 61.8 %
Q1 2019 489.13 6.9 % 695.83 7.7 % (26.00) (52.1 %)
Q2 2019 502.23 4.7 % 714.40 6.3 % (12.82) 67.3 %
Q3 2019 517.66 8.2 % 749.62 12.6 % (40.35) (78.5 %)
Q4 2019 543.14 11.3 % 817.31 20.1 % (77.78) (179.0 %)
Q1 2020 545.14 11.4 % 768.92 10.5 % (121.96) (369.0 %)
Q2 2020 596.66 18.8 % 789.41 10.5 % (173.04) (1,249.4 %)
Q3 2020 616.78 19.1 % 811.90 8.3 % (180.08) (346.3 %)
Q4 2020 631.80 16.3 % 916.94 12.2 % (1,100.67) (1,315.2 %)
Q1 2021 643.78 18.1 % 945.44 23.0 % (152.81) (25.3 %)
Q2 2021 631.51 5.8 % 828.44 4.9 % (157.94) 8.7 %
Q3 2021 673.68 9.2 % 878.26 8.2 % (158.46) 12.0 %
Q4 2021 768.17 21.6 % 895.03 (2.4 %) (155.35) 85.9 %
Q1 2022 728.60 13.2 % 934.76 (1.1 %) (94.01) 38.5 %
Q2 2022 631.38 0.0 % 806.92 (2.6 %) (39.58) 74.9 %
Q3 2022 654.33 (2.9 %) 881.13 0.3 % (102.52) 35.3 %
Q4 2022 593.07 (22.8 %) 819.70 (8.4 %) (50.20) 67.7 %
Q1 2023 558.53 (23.3 %) 783.87 (16.1 %) (60.00) 36.2 %
Q2 2023 565.62 (10.4 %) 807.73 0.1 % (52.18) (31.8 %)
Q3 2023 607.83 (7.1 %) 837.24 (5.0 %) (48.77) 52.4 %
Q4 2023 642.82 8.4 % 886.46 8.1 % (68.12) (35.7 %)
Q1 2024 620.08 11.0 % 888.30 13.3 % (55.38) 7.7 %
Q2 2024 629.41 11.3 % 903.06 11.8 % (82.78) (58.6 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 227.00 42.5 % 0.32 - 227.00 0.32
Q2 2015 735.75 341.3 % 1.04 572.65 163.10 0.23
Q3 2015 165.74 250.9 % 0.23 - 165.74 0.23
Q4 2015 158.63 (20.4 %) 0.22 - 158.63 0.22
Q1 2016 381.31 68.0 % 0.54 208.60 172.71 0.24
Q2 2016 177.52 (75.9 %) 0.25 - 177.52 0.25
Q3 2016 160.69 (3.0 %) 0.23 - 160.69 0.23
Q4 2016 152.43 (3.9 %) 0.21 - 152.43 0.21
Q1 2017 215.97 (43.4 %) 0.30 - 215.97 0.30
Q2 2017 220.16 24.0 % 0.31 - 220.16 0.31
Q3 2017 227.63 41.7 % 0.32 - 227.63 0.32
Q4 2017 193.75 27.1 % 0.27 - 193.75 0.27
Q1 2018 236.59 9.5 % 0.33 - 236.59 0.33
Q2 2018 244.17 10.9 % 0.24 - 244.17 0.24
Q3 2018 247.36 8.7 % 0.24 - 247.36 0.24
Q4 2018 (349.84) (280.6 %) (0.34) (551.50) 201.66 0.20
Q1 2019 235.01 (0.7 %) 0.23 - 235.01 0.23
Q2 2019 251.82 3.1 % 0.25 - 251.82 0.25
Q3 2019 256.87 3.8 % 0.25 - 256.87 0.25
Q4 2019 247.33 170.7 % 0.24 - 247.33 0.24
Q1 2020 181.61 (22.7 %) 0.18 - 181.61 0.18
Q2 2020 165.77 (34.2 %) 0.16 - 165.77 0.16
Q3 2020 181.63 (29.3 %) 0.18 - 181.63 0.18
Q4 2020 (495.22) (300.2 %) (0.48) - (495.22) (0.48)
Q1 2021 321.59 77.1 % 0.31 - 321.59 0.31
Q2 2021 251.16 51.5 % 0.25 39.39 211.77 0.21
Q3 2021 204.53 12.6 % 0.20 (42.57) 247.10 0.24
Q4 2021 228.80 146.2 % 0.22 (4.34) 233.14 0.23
Q1 2022 374.85 16.6 % 0.37 51.41 323.44 0.32
Q2 2022 257.82 2.7 % 0.25 - 257.82 0.25
Q3 2022 232.67 13.8 % 0.23 - 232.67 0.23
Q4 2022 243.75 6.5 % 0.24 1.39 242.36 0.24
Q1 2023 204.04 (45.6 %) 0.20 - 204.04 0.20
Q2 2023 260.61 1.1 % 0.25 - 260.61 0.25
Q3 2023 276.04 18.6 % 0.27 15.92 260.12 0.25
Q4 2023 279.29 14.6 % 0.27 3.44 275.85 0.27
Q1 2024 300.44 47.2 % 0.29 - 300.44 0.29
Q2 2024 317.55 21.9 % 0.31 42.57 274.98 0.27

Profitability

Period Return On Average Assets Return on Average Equity Net Interest Income/Total Operating Income
Q1 2015 0.98 % 10.52 % 65.76 %
Q2 2015 1.81 % 18.43 % 66.26 %
Q3 2015 1.98 % 20.04 % 69.13 %
Q4 2015 1.98 % 18.97 % 68.14 %
Q1 2016 2.14 % 20.71 % 68.78 %
Q2 2016 1.30 % 11.89 % 68.91 %
Q3 2016 1.31 % 11.70 % 67.47 %
Q4 2016 1.35 % 11.24 % 69.19 %
Q1 2017 1.08 % 8.87 % 70.38 %
Q2 2017 1.11 % 9.34 % 71.34 %
Q3 2017 1.22 % 9.95 % 71.18 %
Q4 2017 1.27 % 10.13 % 70.46 %
Q1 2018 1.32 % 10.46 % 70.59 %
Q2 2018 1.32 % 9.15 % 70.86 %
Q3 2018 1.32 % 9.10 % 71.28 %
Q4 2018 0.54 % 3.77 % 71.45 %
Q1 2019 0.53 % 3.77 % 71.30 %
Q2 2019 0.52 % 3.39 % 71.03 %
Q3 2019 0.52 % 3.43 % 70.31 %
Q4 2019 1.24 % 8.68 % 68.93 %
Q1 2020 1.15 % 8.09 % 69.11 %
Q2 2020 1.01 % 7.42 % 70.48 %
Q3 2020 0.90 % 6.72 % 72.21 %
Q4 2020 0.04 % 0.29 % 72.72 %
Q1 2021 0.19 % 1.49 % 71.86 %
Q2 2021 0.28 % 2.20 % 72.05 %
Q3 2021 0.30 % 2.39 % 72.31 %
Q4 2021 1.03 % 8.60 % 76.60 %
Q1 2022 1.07 % 8.96 % 79.23 %
Q2 2022 1.01 % 8.92 % 79.71 %
Q3 2022 1.05 % 9.30 % 79.10 %
Q4 2022 1.01 % 9.34 % 75.74 %
Q1 2023 0.84 % 7.81 % 74.05 %
Q2 2023 0.79 % 7.72 % 72.03 %
Q3 2023 0.82 % 8.14 % 71.57 %
Q4 2023 0.83 % 8.40 % 71.63 %
Q1 2024 0.87 % 9.06 % 71.24 %
Q2 2024 0.89 % 9.31 % 71.13 %

Balance Sheet (B)

Period Assets Change Customer Deposits Change Loan Change
Q1 2015 69.37 14.4 % 55.42 14.3 % 40.87 11.4 %
Q2 2015 67.63 2.8 % 55.96 8.0 % 42.40 8.8 %
Q3 2015 68.31 4.1 % 56.00 4.3 % 42.21 4.9 %
Q4 2015 63.26 (4.9 %) 49.77 (8.8 %) 42.17 2.3 %
Q1 2016 65.62 (5.4 %) 50.66 (8.6 %) 43.32 6.0 %
Q2 2016 68.27 0.9 % 50.73 (9.3 %) 44.21 4.3 %
Q3 2016 65.95 (3.4 %) 50.33 (10.1 %) 43.19 2.3 %
Q4 2016 66.32 4.8 % 51.60 3.7 % 42.10 (0.2 %)
Q1 2017 65.11 (0.8 %) 49.81 (1.7 %) 41.33 (4.6 %)
Q2 2017 67.00 (1.9 %) 49.17 (3.1 %) 40.97 (7.3 %)
Q3 2017 67.53 2.4 % 49.68 (1.3 %) 40.93 (5.3 %)
Q4 2017 68.29 3.0 % 50.28 (2.6 %) 39.79 (5.5 %)
Q1 2018 67.98 4.4 % 50.59 1.6 % 39.14 (5.3 %)
Q2 2018 69.76 4.1 % 47.77 (2.9 %) 39.84 (2.8 %)
Q3 2018 71.73 6.2 % 50.21 1.1 % 40.26 (1.6 %)
Q4 2018 73.00 6.9 % 51.80 3.0 % 40.90 2.8 %
Q1 2019 73.93 8.8 % 51.43 1.7 % 42.13 7.6 %
Q2 2019 77.01 10.4 % 55.68 16.6 % 43.60 9.4 %
Q3 2019 80.61 12.4 % 59.05 17.6 % 44.53 10.6 %
Q4 2019 86.54 18.5 % 62.70 21.0 % 49.66 21.4 %
Q1 2020 89.73 21.4 % 62.67 21.8 % 51.98 23.4 %
Q2 2020 91.87 19.3 % 63.66 14.3 % 53.76 23.3 %
Q3 2020 91.91 14.0 % 62.98 6.6 % 54.14 21.6 %
Q4 2020 92.09 6.4 % 68.00 8.5 % 53.96 8.7 %
Q1 2021 94.58 5.4 % 70.68 12.8 % 55.17 6.1 %
Q2 2021 95.90 4.4 % 70.69 11.0 % 56.90 5.8 %
Q3 2021 98.58 7.3 % 74.26 17.9 % 58.44 7.9 %
Q4 2021 102.83 11.7 % 78.37 15.2 % 62.43 15.7 %
Q1 2022 104.26 10.2 % 79.28 12.2 % 63.20 14.6 %
Q2 2022 114.65 19.6 % 86.58 22.5 % 65.57 15.2 %
Q3 2022 110.28 11.9 % 82.28 10.8 % 67.65 15.8 %
Q4 2022 115.85 12.7 % 86.02 9.8 % 70.60 13.1 %
Q1 2023 119.43 14.6 % 86.87 9.6 % 72.03 14.0 %
Q2 2023 124.44 8.5 % 92.08 6.3 % 74.94 14.3 %
Q3 2023 129.25 17.2 % 90.65 10.2 % 79.41 17.4 %
Q4 2023 129.55 11.8 % 94.05 9.3 % 80.78 14.4 %
Q1 2024 135.82 13.7 % 97.27 12.0 % 84.12 16.8 %
Q2 2024 138.00 10.9 % 98.55 7.0 % 87.21 16.4 %

Ratios

Period Customer Deposits Per Total Assets Loans and advances/Total assets Loans and advances/Customers Deposits
Q1 2015 79.89 % 58.92 % 73.75 %
Q2 2015 82.75 % 62.70 % 75.77 %
Q3 2015 81.98 % 61.79 % 75.37 %
Q4 2015 78.66 % 66.66 % 84.75 %
Q1 2016 77.19 % 66.02 % 85.52 %
Q2 2016 74.31 % 64.76 % 87.15 %
Q3 2016 76.32 % 65.49 % 85.81 %
Q4 2016 77.81 % 63.48 % 81.58 %
Q1 2017 76.50 % 63.47 % 82.97 %
Q2 2017 73.38 % 61.15 % 83.33 %
Q3 2017 73.56 % 60.61 % 82.39 %
Q4 2017 73.63 % 58.27 % 79.14 %
Q1 2018 74.43 % 57.58 % 77.36 %
Q2 2018 68.47 % 57.10 % 83.40 %
Q3 2018 70.00 % 56.12 % 80.17 %
Q4 2018 70.96 % 56.02 % 78.95 %
Q1 2019 69.57 % 56.99 % 81.91 %
Q2 2019 72.30 % 56.61 % 78.30 %
Q3 2019 73.25 % 55.24 % 75.41 %
Q4 2019 72.44 % 57.38 % 79.21 %
Q1 2020 69.84 % 57.93 % 82.94 %
Q2 2020 69.29 % 58.51 % 84.45 %
Q3 2020 68.52 % 58.90 % 85.97 %
Q4 2020 73.85 % 58.60 % 79.35 %
Q1 2021 74.73 % 58.33 % 78.06 %
Q2 2021 73.72 % 59.34 % 80.49 %
Q3 2021 75.34 % 59.28 % 78.69 %
Q4 2021 76.21 % 60.72 % 79.67 %
Q1 2022 76.04 % 60.62 % 79.72 %
Q2 2022 75.52 % 57.20 % 75.74 %
Q3 2022 74.61 % 61.35 % 82.22 %
Q4 2022 74.25 % 60.94 % 82.07 %
Q1 2023 72.73 % 60.31 % 82.92 %
Q2 2023 73.99 % 60.22 % 81.39 %
Q3 2023 70.13 % 61.44 % 87.61 %
Q4 2023 72.60 % 62.35 % 85.89 %
Q1 2024 71.61 % 61.93 % 86.48 %
Q2 2024 71.41 % 63.19 % 88.49 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2015 709.43 0.90 0.87 - 8.90
Q2 2015 709.43 1.70 0.88 - 10.07
Q3 2015 709.43 1.87 1.05 - 10.17
Q4 2015 709.43 1.81 1.01 - 10.45
Q1 2016 709.43 2.03 0.93 - 10.72
Q2 2016 709.43 1.24 0.95 - 10.86
Q3 2016 709.43 1.24 0.94 - 11.00
Q4 2016 709.43 1.23 0.94 - 11.42
Q1 2017 709.43 1.00 1.00 - 11.74
Q2 2017 709.43 1.06 1.06 - 11.74
Q3 2017 709.43 1.15 1.15 - 12.13
Q4 2017 709.43 1.21 1.21 - 12.44
Q1 2018 709.43 1.24 1.24 - 11.94
Q2 2018 1,025.00 0.88 0.88 - 11.12
Q3 2018 1,025.00 0.90 0.90 - 11.36
Q4 2018 1,025.00 0.37 0.91 - 10.97
Q1 2019 1,025.00 0.37 0.91 - 11.21
Q2 2019 1,025.00 0.37 0.91 - 11.04
Q3 2019 1,025.00 0.38 0.92 - 11.04
Q4 2019 1,025.00 0.97 0.97 - 11.31
Q1 2020 1,025.00 0.91 0.91 - 11.39
Q2 2020 1,025.00 0.83 0.83 - 11.35
Q3 2020 1,025.00 0.76 0.76 - 11.51
Q4 2020 1,025.00 0.03 0.03 0.04 11.09
Q1 2021 1,025.00 0.17 0.17 0.17 11.44
Q2 2021 1,025.00 0.25 0.21 0.26 11.64
Q3 2021 1,025.00 0.28 0.28 0.28 11.51
Q4 2021 1,025.00 0.98 0.99 0.98 11.73
Q1 2022 1,025.00 1.03 0.99 1.02 11.63
Q2 2022 1,025.00 1.04 1.04 1.00 11.69
Q3 2022 1,025.00 1.07 1.02 1.02 11.45
Q4 2022 1,025.00 1.08 1.03 1.00 11.45
Q1 2023 1,025.00 0.92 0.91 0.86 11.80
Q2 2023 1,025.00 0.92 0.92 0.84 12.09
Q3 2023 1,025.00 0.96 0.94 0.88 12.15
Q4 2023 1,025.00 1.00 0.98 0.86 12.23
Q1 2024 1,025.00 1.09 1.07 0.95 12.26
Q2 2024 1,025.00 1.14 1.08 0.95 12.49

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 25.30 26.22 2.56
Q2 2015 13.58 26.24 2.30
Q3 2015 8.83 15.75 1.62
Q4 2015 7.28 13.12 1.26
Q1 2016 5.33 11.64 1.01
Q2 2016 8.40 11.00 0.96
Q3 2016 6.56 8.61 0.74
Q4 2016 9.40 12.36 1.01
Q1 2017 13.51 13.51 1.15
Q2 2017 11.77 11.77 1.06
Q3 2017 12.71 12.71 1.21
Q4 2017 11.09 11.09 1.08
Q1 2018 10.46 10.46 1.08
Q2 2018 13.42 13.42 1.06
Q3 2018 12.84 12.84 1.02
Q4 2018 30.96 12.59 1.04
Q1 2019 36.53 14.82 1.20
Q2 2019 32.60 13.39 1.11
Q3 2019 28.15 11.73 0.98
Q4 2019 12.44 12.44 1.06
Q1 2020 9.92 9.92 0.80
Q2 2020 10.88 10.88 0.80
Q3 2020 14.81 14.81 0.97
Q4 2020 More than 100 More than 100 0.99
Q1 2021 More than 100 More than 100 1.10
Q2 2021 More than 100 More than 100 1.27
Q3 2021 More than 100 More than 100 1.28
Q4 2021 15.76 15.64 1.32
Q1 2022 20.73 21.62 1.81
Q2 2022 17.84 17.92 1.53
Q3 2022 17.67 18.47 1.58
Q4 2022 15.20 15.96 1.33
Q1 2023 16.99 17.01 1.23
Q2 2023 17.43 17.45 1.21
Q3 2023 15.20 15.47 1.11
Q4 2023 17.39 17.73 1.22
Q1 2024 16.57 16.86 1.29
Q2 2024 17.29 18.25 1.32

Business Segments (Million)

Compared With The
Period Retail Corporate and Institutional Banking Global markets and Treasury Brokerage and Asset Management Takaful Ta'awni Others
Q1 2015 211.86 173.44 153.59 94.53 5.44 (14.49)
Q2 2015 220.02 153.97 170.90 88.18 5.37 545.83
Q3 2015 213.55 144.66 156.01 34.56 5.29 (22.03)
Q4 2015 248.50 105.60 191.82 53.46 5.24 (23.79)
Q1 2016 251.38 120.43 166.80 53.64 4.52 176.49
Q2 2016 245.82 110.98 197.39 51.27 4.75 (30.34)
Q3 2016 230.30 124.05 203.25 37.20 5.84 (25.29)
Q4 2016 191.78 128.75 196.50 51.38 5.11 (29.47)
Q1 2017 253.88 143.41 203.93 47.12 5.10 (36.14)
Q2 2017 270.06 151.98 219.07 42.23 4.78 (43.00)
Q3 2017 281.75 127.62 268.85 42.18 4.67 (55.81)
Q4 2017 276.54 115.18 258.46 45.42 5.21 (52.73)
Q1 2018 281.78 112.34 254.45 46.80 4.81 (54.06)
Q2 2018 292.74 108.63 280.93 45.51 4.90 (60.48)
Q3 2018 298.25 111.60 277.52 35.48 4.83 (61.86)
Q4 2018 312.71 100.82 279.43 44.35 4.61 (61.32)
Q1 2019 336.04 122.71 257.01 41.97 4.46 (66.36)
Q2 2019 345.58 126.47 267.15 38.29 4.42 (67.51)
Q3 2019 355.96 117.66 312.05 37.62 4.42 (78.08)
Q4 2019 364.63 189.87 302.46 49.76 4.31 (93.72)
Q1 2020 427.82 147.36 244.29 50.52 0.39 (101.46)
Q2 2020 396.92 152.77 269.36 49.49 (0.39) (78.73)
Q3 2020 395.15 151.67 276.16 74.43 - (85.51)
Q4 2020 468.08 153.50 263.10 107.52 - (75.30)
Q1 2021 474.07 175.37 256.47 95.80 - (56.27)
Q2 2021 454.23 157.11 188.19 72.11 - (43.21)
Q3 2021 497.52 179.43 194.90 65.85 - (59.44)
Q4 2021 486.82 168.13 222.19 77.46 - (59.57)
Q1 2022 515.10 188.06 262.95 76.67 - (56.61)
Q2 2022 457.64 178.10 166.27 69.62 - (64.70)
Q3 2022 450.02 208.63 224.47 83.41 - (85.41)
Q4 2022 393.27 232.75 161.21 110.83 - (76.96)
Q1 2023 408.45 210.16 154.19 79.66 - (68.58)
Q2 2023 524.28 224.31 69.41 79.04 - (89.30)
Q3 2023 478.30 252.42 78.47 115.33 - (71.36)
Q4 2023 404.86 232.85 199.03 122.30 - (69.13)
Q1 2024 373.92 248.81 224.95 116.80 - (76.18)
Q2 2024 637.62 257.51 (33.08) 113.28 - (72.27)

Analysts Estimates (Million)

Item Q2 2024 (e) Q2 2024 (a) Change‬
Average 303.15 317.55 4.75 %

Estimates vs Actual (Million)

Item Q2 2024 (e) Q2 2024 (a) Change
OSOOL AND BAKHEET 316.18 317.55 0.4 %
YAQEEN 322.00 317.55 (1.4) %
SNB Capital 297.00 317.55 6.9 %
Value Capital 277.40 317.55 14.5 %


Financial Ratios
Current
Market Cap (M Riyal) 16,953.50
Shares Outstanding ((M)) 1,025.00
EPS ( Riyal) (TTM) 1.20
EPS Diluted ( Riyal) (TTM) 1.01
Book Value (BV) ( Riyal) 13.18
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 14.32
P/E (TTM) 13.78
Price/book 1.25
Return on Average Assets (%) (TTM) 0.9
Return on Average Equity (%) (TTM) 9.5
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Share Price

Bank Aljazira
16.54
(0.10) (0.60 %)

Bank Aljazira (BJAZ)

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