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AIB records net income of $9.01 million in 2019

2020-02-16

According to the financial statements of the Arab Islamic Bank AIB for the year 2019, Net profit after tax of the period reached 9,010,282 USD Compared with Net profit after tax 7,103,320 USD for 2018, a net increase in profit of 26.85%.Total assets of the company reached 1,271,928,380 USD compared with total assets of 1,062,302,827 USD at the end of year 2018, a net increase of 19.73%.Total liabilities of the company reached 1,155,364,740 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 952,908,000 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2018, a net increase of 21.24%. Net ownership equity of the company reached 116,563,640 USD compared with total owner equity of 109,394,827 USD at the end of year 2018, a net increase of 6.55%.Noting that paid-in capital increased from 75,000,000 USD in year 2018 to 84,919,252 USD of this year,a net increase of 13.23%.