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AIB posts net income of $4.11 million in Q1 2023

2023-05-16

According to the financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2023, Net profit after tax of the period reached 4,111,900 USD Compared with Net profit after tax 3,608,326 USD for 2022, a net increase in profit of 13.96%.Total assets of the company reached 1,686,808,320 USD compared with total assets of 1,660,725,735 USD at the end of year 2022, a net increase of 1.57%.Total liabilities of the company reached 1,547,496,621 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,521,442,198 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2022, a net increase of 1.71%. Net ownership equity of the company reached 139,311,699 USD compared with total owner equity of 139,283,537 USD at the end of year 2022, a net increase of 0.02%.Noting that paid-in capital increased from 96,219,252 USD in year 2022 to 101,119,252 USD of this year,a net increase of 5.09%