Al-Rajhi Bank's registers net profit of SR 5,100 Million

Riyadh, October 13, SPA -- Abdullah bin Suleiman Al Rajhi, the CEO
of Al Rajhi Bank, has announced that the net profit of Al Rajhi Bank
for the first 9 months of 2008 reached SR 5,100 million compared to
SR 4,874 million for the same period last year (2007), representing a
5% increase.


He pointed out that this rise is due to an increase of 10% in the
income from the investments and an increase of 30% in the income of
the banking services.


The CEO also stated that the net income from investments reached SR
6,307 million compared to SR 5,719 million, a 10% rise, and the net
income of the banking services reached SR 1,599 million compared to
SR 1,229 millionlast year, an increase of 30%.

The total transactions’ income reached SR 7,906 million compared to
SR 6,948 million , up14%, according to a latest press release of
Al-Rajhi Bank.


He added that the shareholders’ rights rose to SR 26 billion
compared to SR 22 billion last year, a 16% increase.


Total assets increased to SR 163.2 billion compared to SR 124.7
billion last year, an increase of 31%, whereas balances of customers’
accounts reached SR 120.3 billion compared to SR 91.1 billion, a 32%
rise. The bank has achieved a return on assets of 4.72%, a return on
equity of 27.64%, and a profit per share of 3.4 Riyals compared to
3.25 Riyals.