The second quarter net income was SAR 22 million compared to SAR 188 million for the same quarter last year with a decrease of 88%, and compared to a net income of SAR 21 million for the previous quarter, an increase of 5%. Operating income for the second quarter reached SAR 449 million compared to SAR 361 million for the same quarter last year, an increase of 24%. Net special commission income for the second quarter reached SAR 328 million compared to SAR 263 million for the same quarter last year, an increase of 25%. Net income for the six months period was SAR 43 million compared to SAR 428 million for the same period last year, a decrease of 90%. Earnings per share for the six months period reached SAR 0.09 compared to SAR 0.95 for the same period last year. Operating income for the six months period reached SAR 900 million compared to SAR 679 million for the same period last year, an increase of 33%. Net special commission income for the six months period reached SAR 640 million compared to SAR 504 million for the same period last year, an increase of 27%. Assets as of 30/06/2010 reached to SAR 48,866 million compared to SAR 50,731 million for the same period last year with a decrease of 4%. Investments reached SAR 10,098 million compared to SAR 11,236 million for the same period last year with a decrease of 10%. Loans and advances reached SAR 30,553 million compared to SAR 30,153 for the same period last year with an increase of 1%. Customers’ deposits reached SAR 35,774 million compared to SAR 36,364 for the same period last year with a decrease of 2%. The decrease in net income, despite the increase in the operating income and the significant improvement in the net special commission income, was mainly due to the provisions taken during the period to continue supporting the bank’s financial position. 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...