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 108.10 0.20 (0.18%)
SNB 42.80 -0.12 (-0.28%)
SAB 36.60 -0.40 (-1.09%)
ALINMA 29.40 -0.20 (-0.68%)
RIBL 21.60 0.00 (0.00%)

Recent News

NBK's eSavings Account: A 100% digital savings experience that is smarter, easier

13/04/2026

National Bank of Kuwait announced the launch of its eSavings Account, a fully digital savings account designed to help customers build effective savings plans and effortlessly achieve their financial

Kuwait Times

Zain Kuwait clinches triple titles from Ookla Speedtest

13/04/2026

Zain Kuwait has added another major international win to its growing record of network leadership accolades, winning three prestigious awards from Ookla Speedtest - the world's leading platform for n

Kuwait Times

ADNOC Gas, Fertiglobe named top picks in Bernstein's MENA energy call

13/04/2026

Bernstein has initiated coverage on the MENA energy sector with a bullish view on UAE-listed ADNOC Gas and Fertiglobe, naming both among its top investment picks and pointing to strong cashflow visib

Gulfnews

District cooling enhances efficiency in challenging times: opinion

13/04/2026

In light of growing economic and environmental challenges, energy efficiency has become a top priority for governments and societies alike.

As global temperatures continue to rise and energ

Trade Arabia

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

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