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AIB reports net income of $5.83 million in 9M 2017

2017-11-01

According to the financial statements of Arab Islamic Bank AIB for the first nine months of 2017, Net profit after tax of the period reached 5,833,250 USD Compared with Net profit after tax 4,734,257 USD for 2016, a net increase in profit of 23.21%.Total assets of the company reached 977,970,187 USD compared with total assets of 791,442,161 USD at the end of year 2016, a net increase of 23.57%.Total liabilities of the company reached 873,302,659 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 21.90%. Net ownership equity of the company reached 104,667,528 USD compared with total owner equity of 75,209,854 USD at the end of year 2016, a net increase of 39.17%.Noting that paid-in capital increased from 50,000,000 USD in year 2016 to 73,858,387 USD of this year,a net increase of 47.72%