23/11/2009 00:00 AST

Al Salam Bank- Sudan posted a $21.5 million profit in the third quarter of this year, including investors shares - up about nine per cent compared to $19.7m during the same period last year.

In addition, the bank announced an increase in earnings per share from nine cents to 12.4 during the third quarter. It also allocated $3.3m for funding during the third quarter, bringing the total to $4.95m for the first nine months of this year. The net profit of property rights also increased by 38pc since the third quarter last year - from $9m to $12.4m. On the downside, the value of assets - $436m - at the end of the third quarter was about five per cent less than $458m for the same period last year. The bank said that the decline came as a result of a rising dollar against the Sudanese pound. "The results indicate the banks strong position in the financial markets," general manager Osman Mokhtar said.

"We expect the bank to achieve greater success in the fourth quarter and excellent financial results at the end of this year," he added.


Gulf Daily News

Al Salam Bank Sudan reports strong third-quarter growth and profit

23/11/2009

Al Salam Bank -Sudan has released new figures showing substantial Q3 gains as well as positive growth in investors shares.

The bank achieved a profit of $21.5m during Q3 2009 including inv

AME Info

Ticker Price Volume
ALSALAMSUDAN Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
IHC 401.20 0.20 (0.04%)
FAB 15.68 -0.42 (-2.61%)
EMIRATESNBD 22.10 -0.30 (-1.34%)
ADCB 12.10 0.02 (0.16%)
ADIB 19.20 0.02 (0.10%)
Sohar International, Al Mouj sign MoU for RO63mn credit facility

03/06/2025

Sohar International and Al Mouj Muscat have signed a Memorandum of Understanding (MoU) for a strategic credit facility agreement valued at RO63mn to Al Mouj Muscat.

Structured as a combinati

Muscat Daily

Al Seer Marine, B International Logistics launch new shipping JV

03/06/2025

Al Seer Marine, a global maritime organization headquartered in Abu Dhabi, said it has partnered with B International Shipping & Logistics, an affiliate of top Geneva-based energy trader BGN, to laun

Trade Arabia

ACWA Power enters potential $10bn investment deals in Malaysia

03/06/2025

ACWA Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of memorandum of understanding (Mo

Trade Arabia

Galfar lands key Oman road dualisation project

03/06/2025

Galfar, one of the largest engineering, contracting and construction companies in Oman, has announced that it has secured a major construction works contract for Part Four of the Sultan Said bin Taim

Trade Arabia

Zain accelerates national talent empowerment in digital economy

03/06/2025

Zain announced the successful conclusion of its participation in the TechEdge program, one of the leading training initiatives focused on digitally empowering young talent. The program was held under

Kuwait Times