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AIG posts net income of $0.34 million in Q1 2024


According to the financial statements of Al-Ahliea Insurance Company AIG for the 1st Quarter of 2024, Net profit after tax of the period reached 338,749 USD Compared with Net Loss after tax (173,564) USD for 2023.Total assets of the company reached 88,687,225 USD compared with total assets of 90,079,873 USD at the end of year 2023, a net decrease of 1.55%.Total liabilities of the company reached 39,895,525 USD compared with total liabilities of 41,522,237 USD at the end of year 2023, a net decrease of 3.91%. Net ownership equity of the company reached 48,791,700 USD (Including Non-Controlling Interests of 29,727,845 USD) compared with total owner equity of 48,557,636 USD (Including Non-Controlling Interests of 29,764,586 USD) at the end of year 2023, a net increase of 0.48%.



Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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