King Road, P.O. Box 6277, Jeddah 21442, Kingdom of Saudi Arabia,
Tel.: (+966) 2 609 8888, Fax: (+966) 2 609 8881
SWIFT: BAJZSAJE, E-Mail: info@baj.com.sa, www.baj.com.sa
Contents
Financial Highlights
Board of Directors
6
Cheif Executive Officer’s Foreword
8
Executive Management
10
Board of Directors’ Report
11
Shari’ah Advisory Board Report
36
Network
38
Independent Auditor’s Report
41
Financial Statements
42
Basel II Pillar3 Qualitative Disclosures
I
5
Chairman’s Statement
2
3
95
BANK ALJAZIRA ANNUAL REPORT 2011
Financial Highlights
(In SAR millions, except where indicated)
Loans and advances, net
Total assets
Customer deposits
Shareholders’ equity
Net special commission income
Fee income
Gain on investments, exchange and other
Total operating income
Net income
Net income growth (%)
Return on average equity (%)
Return on a verage assets (%)
Earnings per share (SAR)
2007
9,879
21,564
15,647
4,698
595
698
153
1,447
805
(59.2)
18.11
4.32
2.68
2008
15,133
27,520
20,900
4,637
631
538
(32)
1,137
222
(72.4)
4.76
0.91
0.74
20,900
27,520
21,564
2007
2009
2010
22,143
15,647
9,879
2008
31,159
29,977
15,504
2011
23,307
38,898
31,159
4,733
781
356
70
1,208
303
945
6.55
0.84
1.01
27,345
33,018
18,704
2007
2010
18,704
33,018
27,345
4,516
717
265
172
1,155
29
5.0
0.64
0.09
0.10
38,897
23,307
15,133
2009
15,504
29,977
22,143
4,486
668
376
127
1,171
28
(87.6)
0.60
0.10
0.09
2008
2009
2011
Net Loans and Advances
SR millions
2007
2010
2008
2011
Total Assets
SR millions
2009
2010
2011
Customer Deposits
SR millions
18.11
4,698
4,733
1,447
4,637
4,486 4,516
1,208
6.55
1,171
1,137
4.76
1,155
0.60
2007
2008
2007
2009
2010
shareholders’ Equity
SR millions