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AIB posts net income of $5.52 million in 2023

2024-03-17

According to the financial statements of the Arab Islamic Bank AIB for the year 2023, Net profit after tax of the period reached 5,519,706 USD Compared with Net profit after tax 13,078,366 USD for 2022, a net decrease in profit of 57.80%.Total assets of the company reached 1,738,370,083 USD compared with total assets of 1,660,725,735 USD at the end of year 2022, a net increase of 4.68%.Total liabilities of the company reached 1,597,366,185 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 4.99%. Net ownership equity of the company reached 141,003,898 USD compared with total owner equity of 139,283,537 USD at the end of year 2022, a net increase of 1.24%.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%