Alinma Bank

Alinma Bank (Arabic: مصرف الإنماء‎) is a Saudi joint stock company formed in accordance with Royal Decree No. M/15 dated 28 March 2006 and Ministerial Resolution No. 42 dated 27 March 2007. The bank was established with share capital of SAR 15 billion, consisting of 1.5 billion shares with a nominal value of SAR 10 per share. The company has more than 2,658 employees

Alinma Bank
مصرف الإنماء
Private
Traded asTadawul: 1150
ISINSA122050HV19 
IndustryFinance
Founded2006 (2006)
Headquarters
Riyadh
,
Saudi Arabia
Key people
Abdulmalek bin Abdullah bin Hamad Al-Hogail, Chairman
ProductsIslamic Financial Services
Total assets131,839,441,000 Saudi riyal[1] (2019) 
Number of employees
2,658 (2018) owner = Public Investment Fund-10%,
General Organization for Social Insurance-10%,
Public Pension Agency-10%,
public shares-70%
Websitewww.alinma.com

Ownership structure

Alinma Bank’s founding shareholders are as follows: The Saudi Arabian Public Investment Fund (PIF), the Saudi Arabian Public Pension Agency (PPA) and the Saudi Arabian General Organization for Social Insurance (GOSI). Together they represent 30% of the bank’s share capital, all with equal shares. The remaining 70% of the bank’s shares were offered for public subscription in April 2008.

Bank activities

Alinma provides a comprehensive range of Shariah-compliant retail and corporate banking and investment services. The bank serves its clients through a nationwide network of branches and ATMs, as well as through its alternative channels, Alinma Internet, Alinma Phone, Alinma Mobile and the Alinma App for smart devices.

Location

The Alinma head office is located in Al-Anoud Tower on King Fahad Highway in the Saudi capital, Riyadh.

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See also
  1. "Company Details". Tadawul. Retrieved 12 April 2020.
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