Bank AlJazira H1 2025 profit rises 20% to SAR 743.1M; Q2 at SAR 382.1M

Bank AlJazira’s H1 2025 net profit jumped 20% to SAR 743.1 million from SAR 618 million in the prior-year period.

Net financing and investment income increased by 21% year-on-year (YoY), due to a rise in income from investments and financing by 10%. This increase was mainly due to higher income from financing and investment, which grew primarily as a result of portfolio growth against a lower income from Shariah-compliant derivatives and due from banks and other financial institutions.

The bank also cited an increase in operating income by 22% YoY, driven by growth in net financing and investment income, net fees from banking services, and net exchange income. This was also along with dividend income against a decrease in net gains on FVIS financial instruments, net gains on derecognition of financial assets at amortized cost and net gains on derecognition of financial assets at FVOCI.

Meanwhile, return on deposits and financial liabilities increased by 5% YoY, mainly due to higher return on customer deposits.

Total operating expenses also rose by 22% YoY, driven by an increase in other general and administrative expenses, salaries and employee-related expenses, as well as net impairment charge for financing and other financial assets.

The lender posted a net profit of SAR 382.1 million, up 20% YoY, in the second quarter of 2025.

Sequentially, the bank’s net profit grew 5.8% from SAR 361 million in Q1 2025.

Total shareholders’ equity, excluding minority interest and sukuk, stood at SAR 14.22 billion as of June 30, 2025, compared to SAR 12.80 billion a year earlier.

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