The fourth quarter net income was SAR 238 million compared to a loss of SAR 109 million for the same quarter last year, and compared to a net income of SAR 149 million for the previous quarter with an increase of 60%. Operating income for the fourth quarter reached SAR 412 million compared to SAR 468 million for the same quarter last year, an decrease of 12%. Net special commission income for the fourth quarter reached SAR 324 million compared to SAR 271 million for the same quarter last year, an increase of 20%. Net income for the year reached SAR 429 million compared to SAR 522 million for last year, a decrease of 18%. Earnings per share reached SAR 0.95 compared to SAR 1.16 for the same period last year. Operating income for the year reached SAR 1,749 million compared to SAR 1,517 million for last year, an increase of 15%. Net special commission income for the year reached SAR 1,315 million compared to SAR 1,014 million for last year, an increase of 30%. Assets reached to SAR 51,491 million compared to SAR 50,148 million for the same period last year with an increase of 3%. Investments reached SAR 8,925 million compared to SAR 11,554 million for the same period last year with a decrease of 23%. Loans and advances reached SAR 31,002 million compared to SAR 29,785 for the same period last year with an increase of 4%. Customers’ deposits reached SAR 37,215 million compared to SAR 38,247 for the same period last year with a decrease of 3%. The decrease in net income was due to the overall increase in operating expenses. Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 12 Nov 2019 SIB’s Integrated Report 2018 wins the most prestigious global award for annual reports The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion...