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ARAB posts net income of JD0.66 million in 9M 2023

2023-11-21

According to the financial statements of the Arab Investors Company ARAB for the first nine months of 2023, Net profit after tax of the period reached 661,440 JD Compared with Net profit after tax 163,807 JD for 2022, a net increase in profit of 303.79%.Total assets of the company reached 14,301,847 JD compared with total assets of 12,587,138 JD at the end of year 2022, a net increase of 13.62%.Total liabilities of the company reached 50,015 JD compared with total liabilities of 55,937 JD at the end of year 2022, a net decrease of 10.58%. Net ownership equity of the company reached 14,251,832 JD compared with total owner equity of 12,531,201 JD at the end of year 2022, a net increase of 13.73%.Noting that paid-in capital increased from 9,452,328 JD in year 2022 to 9,999,943 JD of this year,a net increase of 5.79%