"Assets at Byblos reached $22.66 billion, growing at 9.12 percent, and its loan portfolio increased by 5.21 percent to $5.45 billion, while its shareholder's equity
increased to $1.88 billion at a rate of 4.18 percent.
Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company P.S.C, said, "Our results for the first nine months of 2012, highlighted by continued growth in profits and shareholder's equity, lend further credence to the soundness of our measured approach to business, which is focused on delivering value to all our shareholders and policyholders over the short and long term."
We are also pleased to see a persistent rise in total shareholder's equity and in the basic and diluted earnings per share, despite the fierce competition in the market.
Audi's shareholder's equity rose by 2.94 percent to $3.8 billion.
BLOM reported $31.79 billion in assets, growing by 7.73 percent, and its loan portfolio grew by 6.43 percent to $7.62 billion, while its shareholder's equity fell by 2 percent to $2.87 billion due to its recalling of preferred shares 2011.
Ahli Bank said in a statement published on the Kuwait Stock Exchange market's website Monday that the total shareholder's equity
for the first half of this year reached KD 374.9 million, in comparison to the shareholder's equity
that reached KD 341 million during the same times last year ( 1 USD is equivalent to KD 0.302).
The quarter-to-date earnings produced an annualized return on average earning assets of 1.80 percent and an annualized return on average shareholder's equity of 16.58 percent as compared to 2.50 percent and 22.85 percent respectively for the quarter ended December 31, 2014.
Return on average total assets was 2.01 percent and return on average shareholder's equity was 18.24 percent for the year ended December 31, 2015 as compared to 2.47 percent and 22.94 percent respectively for the prior year-end.
Total value of the transaction is USD 22.2m, or USD1.2 m in excess of shareholder's equity, which will be paid in cash.
The aggregate purchase price will be derived from UIB's total shareholder's equity as of five days prior to closing, plus USD 1.2m, subject to adjustment as provided in the definitive agreement, to be paid all in cash in exchange for all of the outstanding shares of UIB.
Based on Sirius's tangible common shareholder's equity
of USD 1.748bn at 31 December 2014, the purchase price would be approximately USD 2.235bn.
Reportedly, the company's board of directors had prepared a balance sheet for liquidation purposes which showed that the company's shareholder's equity
is less than one-half of the registered share capital.