Riyad Bank achieved profits during the fiscal year 2019 amounting to 5.8 billion riyals, up 81% from fiscal year 2018. Special commission income totaled SAR 10.3 billion, up 24% from the same period in 2018. Assets amounted to SAR 265.7 billion, up 15.6 % from 2018, while earnings per share amounted to SAR 1.87 compared to 2018, in which earnings per share amounted to SAR 1.03.
<p class="text-align: text-align: text-align: text-align: text-alignNet profit increased due to a 19.5% increase in total operating income, as a result of the increase in net special commission income, net fee and commission income, and net gain on sale of investments held for non-trading purposes. Zakat expenses decreased compared to the previous year by 61.21 TP3T, as 2018 includes Zakat settlement amounts for years prior to 2017. Total operating expenses increased by 7.8%, mainly due to the increase in the net provision for impairment of credit losses and other financial assets, employee salary and related expenses, other general and administrative expenses and other operating expenses, partially offset by the decrease in the net provision for impairment of investments.








