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Arab Real Estate Company (ARE) and Arab Islamic Bank (AIB) disclose their semiannual financial results

2009-08-13

Ramallah- Palestine securities exchange received the revised semiannual financial results as of 30/06/2009 for Arab Real Estate Company (ARE) and Arab Islamic Bank (AIB). The applied disclosing system gives the listed companies a period of a month and a half to announce the financial results of the second quarter for the current year. 

Arab Real Estate Company (ARE): The Company"s results indicated a pretax income of JD 74974 comparing to a pretax income of JD 73521 in the first half of the year 2008. As for the company"s total assets on 30/06/2009 they reached JD 1083431 after they were JD 1387232 on 31/12/2008. Total liabilities reached JD 79281 after they were JD 460695 on 31/12/2008. Shareholders" equity rose from JD 926537 on 31/12/2008 to reach JD 1004150 as of 30/06/2009. Arab Islamic Bank (AIB): The bank"s results indicated a net income of $ 1124029 comparing to an income of $ 3129980 in the first half of the year 2008. As for the bank"s total assets on 30/06/2009 they reached $ 315947321 after they were $ 304498068 on 31/12/2008. Total liabilities reached $123624952 after they were $ 126361323 on 31/12/2008. Shareholders" equity rose from $ 47768326 on 31/12/2008 to reach $ 49424241 as of 30/06/2009.