Alinma Bank’s net profit grows by 15.6% during Q2 to 1.4 billion riyals

Alinma Bank’s net profit grew by 15.6% during the second quarter to 1.4 billion riyals compared to 1.2 billion riyals in the same quarter last year, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

Total operating profit amounted to 2.7 billion riyals in the second quarter compared to 2.4 billion riyals in the same quarter of the previous year, an increase of 12.6%.

Total equity (after excluding non-controlling interests) amounted to 40 billion riyals in the 6-month period compared to 32.9 billion riyals in the same period last year, an increase of 21.4%.

Earnings per share in the current period reached 1.06 riyals compared to 0.84 riyals in the same period last year.