Bank Albilad H1 2016 net profit down almost six per cent

18/07/2016 09:15 AST

Bank Albilad reported Q2 net profit of SAR 183.9 million, down 10.94 per cent on Q2 2015. For H1 2016 overall, the bank showed net profits down 5.83 per cent to SAR 358.4 million. Earnings per share were down to SAR 0.60 from SAR 0.63.

Albilad added that EPS was adjusted to conform with the bonus shares issuance increasing the bank's capital from SAR 5 Billion to SAR 6 Billion in the ratio of one share for every five shares, as approved in the Extra Ordinary General Assembly meeting held on 11 April 2016. The bank said the decrease in net income is due to a rise in total operating expense by 19.2 per cent on the back of increases in salaries and employee related benefits expenses, rent and premises expenses and provisions / impairment for financing and investments assets. Albilard reported total assets up 10.72 per cent to SAR 54.4 billion. Loans and advances rose 16.56 per cent to SAR 36.93 billion while customer deposits were up 9.96 per cent at 42.1 billion.


CPI Financial

News

Bank Albilad recommendes cash dividend of SAR 0.40 per share

14/01/2018

The Board of Directors of Bank Albilad has recommended on 27/04/1439 H corresponding to 14/01/2018 the distribution of dividend to the shareholders for the period the second half of 2017 as following

Tadawul

Bank Albilad announces 1st Half 2017 cash dividend distribution

26/09/2017

The Board of Directors of Bank Albilad has decided on 05/01/1439H corresponding 25/9/2017 the distribution of dividend to the shareholders for the first half of the year 2017 as following:

1

Tadawul

AlBilad launches Western Union online money transfer service

28/11/2016

Western Union, a leader in global payments services, and Bank AlBilad, one of the fastest growing banks in Saudi Arabia, launched on Sunday at the banks' headquarters in Riyadh the Western Union onl

Saudi Gazette

Most Viewed Companies

Ticker Price Volume

Valuation

ALBILAD Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALRAJHI 96.00 0.15 (0.15%)
SNB 37.22 0.60 (1.63%)
RIBL 25.84 0.12 (0.46%)
SAB 30.80 0.34 (1.11%)
ALINMA 24.32 0.05 (0.20%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap