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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Qatar Islamic Bank net profit jumps 14 percent to $692m

Total assets were up 6.7 percent y-o-y at 186 billion riyals driven by growth in financing and investment activities.
By TRENDS Desk
October 17, 2021 11:04 pm
  • The Islamic lender made impairment provisions of 1.19 billion riyals for the period ended 30 September 2021
  • Total income for the period was 6.12 billion riyals compared with 5.96 billion riyals for the same period in 2020

Qatar Islamic Bank has said that its net profit for the first nine months of 2021 has jumped 14 percent to $692 million.

The Islamic lender made impairment provisions of 1.19 billion riyals for the period ended 30 September 2021 compared with 961 million in the same period last year, it said in a statement on Sunday.

Total income for the period was 6.12 billion riyals compared with 5.96 billion riyals for the same period in 2020. Income from financing and investing activities came to 5.33 billion riyals, marginally lower y-o-y due to lower market interest rates.

Operating expenses for the period fell to 797 million riyals from 822 million riyals in the year-ago period on cost efficiencies.

Total assets were up 6.7 percent y-o-y at 186 billion riyals driven by growth in financing and investment activities, it said.

 

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