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AIB reports net income of $5.38 million in 9M 2018

2018-11-04

According to the financial statements of Arab Islamic Bank AIB for the first nine months of 2018, Net profit after tax of the period reached 5,376,889 USD Compared with Net profit after tax 5,833,250 USD for 2017, a net decrease in profit of 7.82%.Total assets of the company reached 1,060,087,256 USD compared with total assets of 1,041,103,696 USD at the end of year 2017, a net increase of 1.82%.Total liabilities of the company reached 982,189,311 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 increase of 5.14%. Net ownership equity of the company reached 100,872,945 USD compared with total owner equity of 106,995,915 USD at the end of year 2017, a net decrease of 5.72%.