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AIB posts net income of $0.51 million in H1 2024

2024-09-16

According to the financial statements of the Arab Islamic Bank AIB for the first half of 2024, Net profit after tax of the period reached 513,434 USD Compared with Net profit after tax 8,525,374 USD for 2023, a net decrease in profit of 93.98%.Total assets of the company reached 1,627,751,395 USD compared with total assets of 1,738,370,083 USD at the end of year 2023, a net decrease of 6.36%.Total liabilities of the company reached 663,072,322 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,597,366,185 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2023, a net decrease of 58.48%. Net ownership equity of the company reached 141,926,247 USD compared with total owner equity of 141,003,898 USD at the end of year 2023, a net increase of 0.65%.