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AIB posts net income of $2.00 million in Q1 2020

2020-05-10

According to the financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2020, Net profit after tax of the period reached 2,003,108 USD Compared with Net profit after tax 2,281,870 USD for 2019, a net decrease in profit of 12.22%.Total assets of the company reached 1,234,198,123 USD compared with total assets of 1,271,928,380 USD at the end of year 2019, a net decrease of 2.97%.Total liabilities of the company reached 1,119,448,926 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,155,364,740 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2019, a net decrease of 3.10%. Net ownership equity of the company reached 114,749,197 USD compared with total owner equity of 116,563,640 USD at the end of year 2019, a net decrease of 1.56%.Noting that paid-in capital increased from 84,919,252 USD in year 2019 to 88,469,252 USD of this year,a net increase of 4.18%.