LOC12:34
09:34 GMT
KUWAIT, July 25 (KUNA) -- Ahli United Bank announced achieving a net profit of KD 25.6 million with earnings per share (EPS) of 16.4 fils in the first half of this year, in comparison to the KD 25.5 million with an EPS of 16.4 during the same time last year.
Ahli Bank said in a statement published on the Kuwait Stock Exchange market's website Monday that the total shareholder's equity for the first half of this year reached KD 374.9 million, in comparison to the shareholder's equity that reached KD 341 million during the same times last year ( 1 USD is equivalent to KD 0.302).
The Bank also stated that the total assets reached KD 3.95 million in comparison to liabilities that reached KD 3.57 million from the months of January to June 30, 2016. This can be compared to the liabilities that reached KD 3.4 million during the same time last year.
While Ahli Bank was established in 1971, it only formally entered the Kuwait Stock Exchange in 1984 with a capital of KD 173.2 million. The banking, finance, investment, and all other practices of Ahli Bank adhere to Sharia Law. (end).
fh.bmr