The first quarter net income was SAR 21 million compared to SAR 241 million for the same quarter last year with a decrease of 91%, and compared to a net loss of SAR 109 million for the previous quarter. Operating income for the first quarter reached SAR 451 million compared to SAR 318 million for the same quarter last year, an increase of 42%. Net special commission income for the first quarter reached SAR 312 million compared to SAR 241 million for the same quarter last year, an increase of 29%. Earnings per share reached SAR 0.05 compared to SAR 0.53 for the same period last year. Assets as of 31/03/2010 reached to SAR 49,492 million compared to SAR 50,284 million for the same period last year with a decrease of 2%. Investments reached SAR 11,077 million compared to SAR 12,432 million for the same period last year with a decrease of 11%. Loans and advances reached SAR 30,654 million compared to SAR 30,110 for the same period last year with an increase of 2%. Customers’ deposits reached SAR 36,511 million compared to SAR 38,042 for the same period last year with a decrease of 4%. 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...