Alinma Bank
 | This article needs additional citations for verification. (June 2022) |
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| Company 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.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
[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.
