Net Income attributable to ABG’s shareholders reaches US$ 47 million in the first half of 2020

Net Income attributable to ABG’s shareholders reaches US$ 47 million in the first half of 2020

Al Baraka Banking Group BSC (ABG), the leading Islamic banking group with its headquarters in the Kingdom of Bahrain, and which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code “Barka”), achieved a net income attributable to equity holders of the parent of US$ 47 million in the first half of 2020 compared to US$ 56 million for the same period of 2019 with a decline of 16%. While the total Group's net income recorded during the first half of 2020 was US$ 90 million compared to US$ 95 million for the same period of 2019 with a 5% decline. The basic and diluted earnings per share for the first half of 2020 was US Cents 2.54 compared to US Cents 3.27 for the same