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AIB posts net income of $2.47 million in Q1 2024

2024-06-13

According to the financial statements of the Arab Islamic Bank AIB for the 1st Quarter of 2024, Net profit after tax of the period reached 2,471,913 USD Compared with Net profit after tax 4,111,900 USD for 2023, a net decrease in profit of 39.88%.Total assets of the company reached 1,688,817,226 USD compared with total assets of 1,738,370,083 USD at the end of year 2023, a net decrease of 2.85%.Total liabilities of the company reached 1,545,096,849 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 3.27%. Net ownership equity of the company reached 143,720,377 USD compared with total owner equity of 141,003,898 USD at the end of year 2023, a net increase of 1.93%.