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AIB posts net income of $3.61 million in Q1 2022

2022-05-16

According to the financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2022, Net profit after tax of the period reached 3,608,326 USD Compared with Net profit after tax 3,222,196 USD for 2021, a net increase in profit of 11.98%.Total assets of the company reached 1,730,735,482 USD compared with total assets of 1,736,706,005 USD at the end of year 2021, a net decrease of 0.34%.Total liabilities of the company reached 1,596,197,655 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,605,727,500 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2021, a net decrease of 0.59%. Net ownership equity of the company reached 134,537,827 USD compared with total owner equity of 130,978,505 USD at the end of year 2021, a net increase of 2.72%.