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AIB posts net income of $3.22 million in Q1 2021

2021-06-01

According to the financial statements  of the Arab Islamic Bank AIB for the 1st Quarter of 2021, Net profit after tax of the period reached 3,222,196 USD Compared with Net profit after tax 2,003,108 USD for 2020, a net increase in profit of 60.86%.Total assets of the company reached 1,610,205,692 USD compared with total assets of 1,557,048,782 USD at the end of year 2020, a net increase of 3.41%.Total liabilities of the company reached 1,489,585,776 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,436,805,052 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2020, a net increase of 3.67%. Net ownership equity of the company reached 120,619,916 USD compared with total owner equity of 120,243,730 USD at the end of year 2020, a net increase of 0.31%.Noting that paid-in capital increased from 88,469,252 USD in year 2020 to 91,719,252 USD of this year,a net increase of 3.67%.