Alinma Bank : Ownership structure, Bank activities, Location Wikipedia, the free encyclopedia

Alinma Bank

Saudi Arabian private bank

Alinma Bank
مصرف الإنماء

Company type	Private
Traded as	Tadawul: 1150
ISIN	SA122050HV19
Industry	Finance
Founded	March 23, 2006; 18 years ago (March 23, 2006)
Headquarters	Riyadh , Saudi Arabia
Key people	Abdulmalek bin Abdullah bin Hamad Al-Hogail, 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%
Number of employees	2,658 (2018)
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 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.