The Saudi Investment Bank reported earnings results for the year ended December 31, 2016. For the period, the increase in net income was due to a decrease in operating expenses of 26.8% which was due to the decrease in the impairment charge for non-trading investments which was offset by an increase in the salaries and employee related expenses, rent and premises related expenses, and other general and administrative expenses. The operating income decreased by 7.4% due to the decrease in net special commission income and fees from banking services, which were offset by an increase in exchange income and gains from non-trading investments.