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AIB posts net income of $4.05 million in H1 2020

2020-08-31

According to the financial statements of the Arab Islamic Bank AIB for first half of 2020, Net profit after tax of the period reached 4,045,374 USD Compared with Net profit after tax 4,416,249 USD for 2019, a net decrease in profit of 8.40%.Total assets of the company reached 1,469,074,940 USD compared with total assets of 1,271,928,380 USD at the end of year 2019, a net increase of 15.50%.Total liabilities of the company reached 1,352,908,946 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 increase of 17.09%. Net ownership equity of the company reached 116,165,994 USD compared with total owner equity of 116,563,640 USD at the end of year 2019, a net decrease of 0.34%.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%.