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Alinma Bank

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Alinma Bank
مصرف الإنماء
Company typePrivate
Tadawul1150
ISINSA122050HV19 Edit this on Wikidata
IndustryFinance
FoundedMarch 23, 2006; 18 years ago (March 23, 2006)
Headquarters,
Key people
Abdulmalek bin Abdullah bin Hamad Al-Hogail, Chairman
ProductsIslamic financial services
Total assets131,839,441,000 Saudi riyal (2019) Edit this on Wikidata
OwnerPublic Investment Fund-10%,
General Organization for Social Insurance-10%,
Public Pension Agency-10%,
public shares-70%
Number of employees
2,658 (2018)
Websitewww.alinma.com

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 20 billion, consisting of 1.5 billion shares with a nominal value of SAR 10 per share. The company has more than 2,658 employees

Ownership structure

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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

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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

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

See also

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