Board of Directors of Arab Insurance Group (ARIG) met on July 21, 2010 and approved interim financial statements for the six months period ending June 30, 2010, as follows:
For the three months ending June 30, 2010, ARIG incurred a loss of $7.2 million equivalent to KD 2,106 compared to a profit of AED 7.34 million or KD 2.105 million for the same period of 2009.
Particulars (6 months June 30, June 30,
ending) 2010 2009
Profit (AED) (2,764,000) 8.827,000
EPS (cent) (0.01) 0.04
Profit (KD) (805) 2,539,000
EPS (fils) (3) 12
Total current
assets (AED) 795,245,000 858,314,000
Total current
assets (KD) 231,536,000 246,851,000
Total assets (AED) 1,149,212,000 1,120,208,000
Total assets (KD) 334,593,000 322,171,000
Total current liabi-
lities (AED) 596,438,000 587,801,000
Total current liabi-
lities (KD) 173,653,000 169,051,000
Total liabi-
lities (AED) 903,847,000 869,858,000
Total liabilities
(KD) 263,155,000 250,171,000
Total shareholders’
equity (AED) 245,365,000 250,348,000
Total shareholders’
equity (KD) 71,438,000 72,000,000
The net profit includes unrealized expenses amounting to KD 730,000 |