Sign in
ALINMA BANK-
Alinma Bank’s net income was up 18.7% y-o-y at SAR 1.57 bn in 3Q 2024 on the back of higher gains from financing and investments, it said in a disclosure to Tadawul. The lender’s total income from financing grew 18.9% y-o-y to SAR 3.7 bn, while total income from investment jumped 20.9% to SAR 529.6 mn over the same period.
On a 9M basis: Alinma’s bottomline grew 22.3% y-o-y to SAR 4.3 bn during the first nine months of the year. Its total income from financing was up 26.5% y-o-y to SAR 10.5 bn, while total income from investment was up 23.6% to SAR 1.46 bn.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
SAUDI INVESTMENT BANK-
Saudi Investment Bank’s (Saib) net income was up 12.2% y-o-y at SAR 517.8 mn in 3Q 2024 on the back of gains to total operating income and declines in provisions for credit and other losses, the bank said in a disclosure to Tadawul. The lender’s total income from financing grew 20.3% during the period at SAR 1.77 bn, while total income from investment increased 8.9% at SAR 550.1 mn.
On a 9M basis: Saib’s bottomline grew 10.1% y-o-y at SAR 1.45 bn during the first nine months of the year, with the increase driven by gains to operating income as well as decreases to some categories of expenses. Meanwhile, total income from financing was up 24.9% at SAR 5 bn, and total income from investment was up 11.5% at SAR 1.55 bn.
