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AIB posts net income of $13.08 million in 2022

2023-02-15

According to the financial statements of the Arab Islamic Bank AIB for the year 2022, Net profit after tax of the period reached 13,078,366 USD Compared with Net profit after tax 11,689,174 USD for 2021, a net increase in profit of 11.88%.Total assets of the company reached 1,660,725,735 USD compared with total assets of 1,736,706,005 USD at the end of year 2021, a net decrease of 4.38%.Total liabilities of the company reached 1,521,442,198 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 5.24%. Net ownership equity of the company reached 139,283,537 USD compared with total owner equity of 130,978,505 USD at the end of year 2021, a net increase of 6.34%.Noting that paid-in capital increased from 91,719,252 USD in year 2021 to 96,219,252 USD of this year,a net increase of 4.91%.