Alinma Bank
 | This article needs more citations. (June 2022) |
 | |
| Type | Private |
|---|---|
| Tadawul: 1150 | |
| ISIN | SA122050HV19  |
| Industry | Finance |
| Founded | March 23, 2006 |
| Headquarters | , |
Key people | Abdulmalek bin Abdullah bin Hamad Al-Hogail, Chairman |
| Products | Islamic financial services |
| Total assets | 131,839,441,000 Saudi riyal (2019) |
| Owner | Public Investment Fund-10%, General Organization for Social Insurance-10%, Public Pension Agency-10%, public shares-70% |
Number of employees | 2,658 (2018) |
| Website | www |
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.[1] The name translates to "growth" or "development" in Arabic.[2]
Alinma Bank was ranked 10th on Forbes Middle East's 30 Most Valuable Banks 2025 list.[3] It also ranked 25th on Forbes Middle East's Top 100 Listed Companies 2025 list.[4]
Ownership structure
[edit]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
[edit]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
[edit]The Alinma head office is located in Al-Anoud Tower on King Fahad Highway in the Saudi capital, Riyadh.
See also
[edit]
References
[edit]- ↑ "Alinma Bank". saudipedia.com. Saudipedia. Retrieved 2025-03-05.
- ↑ "إنماء" [Development; growth (Arabic dictionary entry)]. قاموس البراق (in Arabic). Retrieved 2026-02-19.
- ↑ Mughal, Waqar. "alinma Bank". Forbes Lists. Retrieved 2026-05-03.
- ↑ Mughal, Waqar. "alinma Bank". Forbes Lists. Retrieved 2026-05-06.