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Arab Islamic Bank earns a pretax income of $1.03 million in Q1 2011

2011-04-25

Arab Islamic Bank AIB disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $1,103,574 compared to an income of $610,652 in the first quarter of 2010. Total assets reached $315,054,802 on 31/03/2011 compared to $285,727,916 as of 31/12/2010. Total Liabilities amounted at $111,719,628 on 31/03/2011 after they reached $90,730,465 on 31/12/2010, while unrestricted investment accounts amounted at $146,780,360 on 31/03/2011 after they reached $146,961,388 on 31/12/2010. Total shareholders’ equity settled at $56,554,814 at the end of the first quarter of 2011 compared to $48,036,063 at the end of 2010.