Alinma Bank

Alinma Bank
مصرف الإنماء

File:Alinma logo.png
Company type	Public
ISIN	SA122050HV19
Industry	Finance
Founded	2008
Headquarters	Riyadh , Saudi Arabia
Key people	Abdulaziz Ibn Abdullah Al-Zamil, 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%
Website	www.alinma.com

Alinma Bank (Template:Lang-ar) is a Saudi joint stock company formed in accordance with Royal Decree No. M/15 dated 28/2/1427H (28/3/2006) and Ministerial Resolution No. 42 dated 27/2/1427H (27/3/2007). 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.

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 of 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 as well as through a network of ATMs, which are 405 in number as of 17 January, 2012, and through its alternative channels, Alinma Internet, Alinma Phone and Alinma Mobile.

Location

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

External links

• .موقع مصرف الإنماء - المملكة العربية السعودية
• Alinma Bank website - Saudi Arabia
• Alinma Bank's info on Bloomberg.com