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AIB reports net income of $4.01 million in H1 2017

2017-08-13

According to the  financial statements of Arab Islamic Bank AIB for the first half of 2017, Net profit after tax of the period reached 4,010,133 USD Compared with Net profit after tax 3,028,470 USD for 2016, a net increase in profit of 32.41%.Total assets of the company reached 940,948,521 USD compared with total assets of 791,442,161 USD at the end of year 2016, a net increase of 18.89%.Total liabilities of the company reached 838,194,411 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 716,387,308 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 17.00%. Net ownership equity of the company reached 102,754,110 USD compared with total owner equity of 75,209,854 USD at the end of year 2016, a net increase of 36.62%.Noting that paid-in capital increased from 50,000,000 USD in year 2016 to 73,735,444 USD of this year,a net increase of 47.47%