Bahrain-based Islamic retail bank Ithmaar Bank, yesterday announced a total net profit of $4.84 million for the nine-month period ended September 30 this year, compared with a net loss of $11.97m for the same period last year.
United Gulf Bank B.S.C. UGB today announced a net profit attributable to the shareholders of parent of $ 15.7 million for the nine months ended 30 September, 2014 a 7 times increase over same period last year.
Ms. Najla M. Al Shirawi, Chief Executive Officer of Securities & Investment Company, highlighted certain key developments during the first nine months of 2014.
Aldar Properties PJSC, Abu Dhabi’s largest developer, said third-quarter profit climbed 41 percent as leasing revenue grew and homes were completed.
The company said profit was boosted by its core investment banking operations, with revenue growth in fees and commissions from its securities brokerage, investment banking, asset management and private equity operations.
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it has achieved a net income of US$ 207 million in the first nine months of 2014, an increase of 5% on the net income achieved in the first nine months of 2013
Wholesale Islamic bank Liquidity Management Centre yesterday announced a net profit of $3.38 million for the first nine months of this year ended September 30, compared with $2.80m for the same period last year.