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AIB posts net income of $6.52 million in 9M 2019

2019-11-06

According to the financial statements of the Arab Islamic Bank AIB for the first nine months of 2019, Net profit after tax of the period reached 6,523,369 USD Compared with Net profit after tax 5,376,889 USD for 2018, a net increase in profit of 21.32%.Total assets of the company reached 1,208,239,204 USD compared with total assets of 1,062,302,827 USD at the end of year 2018, a net increase of 13.74%.Total liabilities of the company reached 1,094,685,312 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 14.87%. Net ownership equity of the company reached 113,553,892 USD compared with total owner equity of 109,394,827 USD at the end of year 2018, a net increase of 3.80%.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%.