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TRUST posts net income of $0.63 million in Q1 2024


According to the financial statements of Trust International Insurance Company TRUST for the 1st Quarter of 2024, Net profit after tax of the period reached 629,703 USD Compared with Net profit after tax 219,157 USD for 2023, a net increase in profit of 187.33%.Total assets of the company reached 159,652,099 USD compared with total assets of 160,559,508 USD at the end of year 2023, a net decrease of 0.57%.Total liabilities of the company reached 100,838,857 USD compared with total liabilities of 101,083,626 USD at the end of year 2023, a net decrease of 0.24%. Net ownership equity of the company reached 58,813,242 USD (Including Non-Controlling Interests of 9,295,045 USD) compared with total owner equity of 59,475,882 USD (Including Non-Controlling Interests of 9,204,611 USD) at the end of year 2023, a net decrease of 1.11%.



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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