Mr. Abdullah bin Sulaiman alrajhi, Chairman of the Board of Administrators of Al Rajhi Financial institution, introduced that the financial institution achieved a internet earnings amounting to SAR 14,746 million in 2021, in comparison with a internet earnings of SAR 10,596 million within the earlier 12 months 2020, a rise of 39%. Al Rajhi defined that monetary outcomes for the interval ending on 31/12/2021 in comparison with the interval ending on 31/12/2020 confirmed that the whole working earnings amounted to SAR 25,716 million, in comparison with SAR 20,721 million, a rise of 24%. In the meantime, the web financing and funding earnings amounted to SAR 20,392 million, in comparison with the earlier 12 months of SAR 16,913 million, a rise of 21%. Moreover, charges from banking companies amounted to SAR 3,933 million, in comparison with SAR 2,660 million, a rise of 48%. Al Rajhi added that the financial institution, by way of its prudent threat administration, have elevated the provisions in opposition to the financing portfolio by greater than 23% in comparison with the earlier 12 months, which mirrored positively on the energy of the financial institution’s monetary place, because the non-performing loans protection ratio reached to greater than 306%. Al Rajhi said the financial institution continued to develop its funding and banking assets alike, as the whole working earnings for the fourth quarter amounted to SAR 6,855 million, in comparison with SAR 5,794 million throughout the identical quarter of the earlier 12 months, a rise of 18%. The online financing and funding earnings amounted to SAR 5,355 million, evaluating to SAR 4,638 million, a rise of 15%, and charges from banking companies amounted to SAR 1,114 million, a rise of 29% in comparison with SAR 864 million within the fourth quarter of 2020 because of the rise in brokerage and funds actions. The online earnings after zakat for the fourth quarter amounted to SAR 4,012 million, in comparison with SAR 3,121 million for a similar interval final 12 months, a rise of 29%. Al Rajhi defined that shareholders’ fairness rose to SAR 67 billion, in comparison with SAR 58 billion final 12 months, a rise of 16%. Furthermore, whole belongings rose to SAR 624 billion, in comparison with SAR 469 billion final 12 months, a rise of 33%. The financial institution’s financing portfolio amounted to SAR 453 million, a rise of 43% in comparison with final 12 months of SAR 316 billion. Buyer deposits amounted to SAR 512 billion, in comparison with SAR 383 billion final 12 months, exhibiting a rise of 34%. The financial institution achieved a return on common belongings of two.7%, whereas the return on common shareholders’ fairness was 23.9%, and earnings per share amounted to SAR 5.9. Al Rajhi highlighted a few of the financial institution’s most essential achievements all year long, because the financial institution gained 12 native and worldwide awards in 2021, together with seven awards within the subject of Housing and Actual Property Financing through the first and third quarters, confirming the financial institution’s management in reaching the targets of Imaginative and prescient 2030 within the subject of Housing. As well as, 4 awards of excellence from World Banking & Finance through the second quarter, and the primary place award in Investor Relations as a part of the Saudi Capital Market Awards. When it comes to social duty and volunteering, the financial institution exceeded the volunteer goal through the 12 months 2021, because the variety of female and male volunteers reached 3,663 and the variety of volunteering hours reached 18,315. 2021 witnessed the launch of Al Rajhi Financial institution’s new identification below the identify “unbank the financial institution” to transcend being a financial institution targeted on offering banking merchandise to a monetary ecosystem led by its competent workers as monetary advisors who design modern and good monetary options. The brand new identification will replicate the financial institution’s new technique to change into “unthinkable”, permitting it to construct one of the best monetary options and applied sciences for formidable and modern clients.