Type Public Website www.alinma.com Founded 28 March 2006 | Industry Finance Headquarters Riyadh, Saudi Arabia | |
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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% CEO Abdul Mohsen Abdul Aziz Al Fares (2009–) Stock price 1150 (TADAWUL) SAR 14.60 -0.10 (-0.68%)23 Feb, 3:00 PM GMT+3 - Disclaimer Motto To be your financial partner of choice Profiles | ||
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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.
Contents
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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 and ATMs, as well as through its alternative channels, Alinma Internet, Alinma Phone, Alinma Mobile and the 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.