Alinma Bank ( ar, 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
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.
See also
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List of banks in Saudi Arabia
In Saudi Arabia, a total of 31 banks are currently licensed by the Saudi Arabian Monetary Authority (SAMA): 11 local banks and 20 branches of foreign banks.
National-Licensed commercial Banks in Saudi Market
There are 11 local licensed banks in ...
External links
.موقع مصرف الإنماء - المملكة العربية السعوديةAlinma Bank website - Saudi ArabiaAlinma Bank's info on Bloomberg.comAlinma Bank Reaches 1000th ATM Milestone Alinma Self Service Banking
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2006 establishments in Saudi Arabia
Companies listed on Tadawul
Banks of Saudi Arabia
Islamic banks
Banks established in 2006
Companies based in Riyadh