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AIB posts net income of $2.28 million in Q1 2019

2019-04-30

According to the financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2019, Net profit after tax of the period reached 2,281,870 USD Compared with Net profit after tax 1,402,175 USD for 2018, a net increase in profit of 62.74%.Total assets of the company reached 1,102,955,462 USD compared with total assets of 1,062,302,827 USD at the end of year 2018, a net increase of 3.83%.Total liabilities of the company reached 994,194,209 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 952,908,000 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2018, a net increase of 4.33%. Net ownership equity of the company reached 108,761,253 USD compared with total owner equity of 109,394,827 USD at the end of year 2018, a net decrease of 0.58%.Noting that paid-in capital increased from 75,000,000 USD in year 2018 to 84,919,252 USD of this year,a net increase of 13.23%