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AIB reports net income of $1.40 million in Q1 2018

2018-04-30

According to the financial statements of Arab Islamic Bank AIB for the first quarter of 2018,, Net profit after tax of the period reached 1,402,175 USD Compared with Net profit after tax 2,250,456 USD for 2017, a net decrease in profit of 37.69%.Total assets of the company reached 1,007,813,557 USD compared with total assets of 1,041,103,696 USD at the end of year 2017, a net decrease of 3.20%.Total liabilities of the company reached 899,540,569 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 934,107,781 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2017, a net decrease of 3.70%. Net ownership equity of the company reached 108,272,988 USD compared with total owner equity of 106,995,915 USD at the end of year 2017, a net increase of 1.19%.