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QUDS posts net income of $10.01 million in 2024

2025-03-17

According to the financial statements of Al-Quds Bank QUDS for the year 2024, Net profit after tax of the period reached 10,012,110 USD Compared with Net profit after tax 9,179,916 USD for 2023, a net increase in profit of 9.07%.Total assets of the company reached 1,534,994,144 USD compared with total assets of 1,508,701,487 USD at the end of year 2023, a net increase of 1.74%.Total liabilities of the company reached 1,367,896,358 USD compared with total liabilities of 1,353,713,656 USD at the end of year 2023, a net increase of 1.04%. Net ownership equity of the company reached 167,097,786 USD (Including Non-Controlling Interests of 2,768,476 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 7.81%.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%.