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QUDS posts net income of $10.07 million in 9M 2024

2024-11-17

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2024, Net profit after tax of the period reached 10,065,986 USD Compared with Net profit after tax 13,627,248 USD for 2023, a net decrease in profit of 26.13%.Total assets of the company reached 1,507,382,773 USD compared with total assets of 1,508,701,487 USD at the end of year 2023, a net decrease of 0.09%.Total liabilities of the company reached 1,343,216,816 USD compared with total liabilities of 1,353,713,656 USD at the end of year 2023, a net decrease of 0.77%. Net ownership equity of the company reached 164,165,957 USD (Including Non-Controlling Interests of 2,573,659 USD) compared with total owner equity of 154,987,831 USD (Including Non-Controlling Interests of 2,522,885 USD) at the end of year 2023, a net increase of 5.92%.Noting that paid-in capital increased from 100,000,000 USD in year 2023 to 105,000,000 USD of this year,a net increase of 5.00%.