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ARAB posts net income of JD0.69 million in 2023

2024-03-17

According to the financial statements of the Arab Investors Company ARAB for the year 2023, Net profit after tax of the period reached 692,577 JD Compared with Net profit after tax 166,809 JD for 2022, a net increase in profit of 315.19%.Total assets of the company reached 13,821,656 JD compared with total assets of 12,587,138 JD at the end of year 2022, a net increase of 9.81%.Total liabilities of the company reached 62,236 JD compared with total liabilities of 55,937 JD at the end of year 2022, a net increase of 11.26%. Net ownership equity of the company reached 13,759,420 JD compared with total owner equity of 12,531,201 JD at the end of year 2022, a net increase of 9.80%.Noting that paid-in capital increased from 9,452,328 JD in year 2022 to 10,000,000 JD of this year,a net increase of 5.79%