We have achieved these results by continuing our policy of pragmatism and good governance, coordinated by a very capable and committed Board of Directors, and executed by our management team and staff.
The transaction, which announced on 3 May 2016, is the first milestone in Ezdan 's $2bn Sukuk programme.
Net profit attributable to equity holders of the Bank for the first quarter of 2016 was US$1.22 million, which is lower by 54 percent compared to the US$2.64 million profit reported for the same period last year.
Al Ahli Bank of Kuwait (ABK) today announced an operating profit of KD 22.1 million for the first quarter of 2016, after a one-off investment loss of KD 2.3 million on investments disposal, compared to KD 21.8 million for the corresponding period in 2015.
Commercial International Bank, Egypt's largest-listed company, reported a 17-percent rise in first-quarter net profit helped by improved interest margins.