Alinma Bank
| File:Alinma logo.png | |
| Company type | Public |
|---|---|
| ISIN | SA122050HV19  |
| Industry | Finance |
| Founded | 2006 |
| Headquarters | , |
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 (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
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
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 1000 in number as of 15 December 2014, and through its alternative channels, Alinma Internet, Alinma Phone, Alinma Mobile and Alinma App for Smart Devices.
Location
The Alinma head office is located in Al-Anoud Tower on King Fahad Highway in the Saudi capital, Riyadh.