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Arab Islamic Bank (AIB) earns a pretax income of USD 0.610 Million in the first quarter of 2010

2010-04-27

Arab Islamic Bank (AIB) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 610,656 comparing to $ 1,361,834 in the first quarter of 2009. The company’s assets reached $ 288,841,913 at the end 31/03/2010 after they reached 293,436,666 on 31/12/2009. Total liabilities reached $ 93,913,411 at the end of the first quarter of 2010 comparing to $ 98,099,194 as of 31/12/2009. Shareholders’ equity reached $ 50,480,951 on 31/03/2010 after they reached $49,991,825  at the end of 2009.