Alinma Bank

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Alinma Bank
مصرف الإنماء
Public
Industry Finance
Founded 2006; 11 years ago (2006)
Headquarters Riyadh, Saudi Arabia
Key people
Abdulaziz Ibn Abdullah Al-Zamil, Chairman
Products Islamic Financial Services
Owner Public Investment Fund-10%,
General Organization for Social Insurance-10%,
Public Pension Agency-10%,
public shares-70%
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 15 billion, consisting of 1.5 billion shares with a nominal value of SAR 10 per share.

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.

External links[edit]