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AIB posts net income of $7.10 million at the end of 2018

2019-02-17

According to the financial statements of Arab Islamic Bank AIB for the year 2018, Net profit after tax of the period reached 7,103,320 USD Compared with Net profit after tax 6,402,924 USD for 2017, a net increase in profit of 10.94%.Total assets of the company reached 1,061,184,764 USD compared with total assets of 1,041,103,696 USD at the end of year 2017, a net increase of 1.93%.Total liabilities of the company reached 952,908,000 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 2.01%. Net ownership equity of the company reached 108,276,764 USD compared with total owner equity of 106,995,915 USD at the end of year 2017, a net increase of 1.20%.