Al Baraka Group B.S.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 166.39 million compared to USD 219.44 million a year ago. Net income was USD 37.41 million compared to USD 41.34 million a year ago. Basic earnings per share from continuing operations was USD 0.0308 compared to USD 0.0341 a year ago.
For the nine months, net interest income was USD 611.32 million compared to USD 746.25 million a year ago. Net income was USD 126.18 million compared to USD 125.97 million a year ago. Basic earnings per share from continuing operations was USD 0.0896 compared to USD 0.0909 a year ago.