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Press release by the PSE: AIB's disclosure of preliminary financials of 2007

2008-02-04

internal auditors of Arab Islamic Bank, as of December 31, 2007. This disclosure came within the applied disclosures system, which grants every listed company a month and a half as utmost period for disclosing the preliminary financial results of 2007.It is revealed by the in formations presented by the AIB that, it had been disclosed using the electronic reporting standard. AIB"s financial results pointed out to gross income of $6,248,511 to the year 2007 versus $4,722,067 in 2006. Total assets amounted $301,622,055 in 2007 after amounting $219,192,650 in the year 2006. It is also noticed that the total liabilities had soared to amount $137,484,481 versus $84,358,399 in the same period of 2006. Shareholders" equity raised in 2007 to $40,516,511 after it had amounted $34,011,639 in 2006. PSE had corresponded to AIB in order to pursue the disclosure as the common basis, where AIB hadn"t presented the following in formations:

 

. - The approximate date of publishing the annual report

 

-The suggested date of convening the general assembly.

 

-A copy of the internal audited initial financial results that the BOD will verify.

 

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