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AIB posts net income of $6.11 million in H1 2021

2021-08-12

According to the financial statements of the Arab Islamic Bank AIB for the first half of 2021, Net profit after tax of the period reached 6,110,435 USD Compared with Net profit after tax 4,045,374 USD for 2020, a net increase in profit of 51.05%.Total assets of the company reached 1,668,861,572 USD compared with total assets of 1,557,048,782 USD at the end of year 2020, a net increase of 7.18%.Total liabilities of the company reached 1,544,275,880 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 7.47%. Net ownership equity of the company reached 124,585,692 USD compared with total owner equity of 120,243,730 USD at the end of year 2020, a net increase of 3.61%.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%