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AIB posts net income of $11.69 million in 2021

2022-02-15

According to the financial statements of the Arab Islamic Bank AIB for the year 2021, Net profit after tax of the period reached 11,689,174 USD Compared with Net profit after tax 8,014,336 USD for 2020, a net increase in profit of 45.85%.Total assets of the company reached 1,737,576,005 USD compared with total assets of 1,557,048,782 USD at the end of year 2020, a net increase of 11.59%.Total liabilities of the company reached 1,606,597,500 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 11.81%. Net ownership equity of the company reached 130,978,505 USD compared with total owner equity of 120,243,730 USD at the end of year 2020, a net increase of 8.93%.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%.