Alinma Bank - Company Profile
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Alinma Bank (Alinma) provides banking and investment services in accordance with the Islamic Sharia principles. Its offerings include current, education, savings, family, and investment accounts; debit, credit, traveller, charge, and purchase cards; deposits; letter of credit; and letter of guarantee. Its portfolio of services includes car financing, auto lease, education financing, personal financing, real estate financing, deposit box, and currency exchange. Alinma also offers treasury, cash management, payroll management, investments, and Internet and phone banking services. It offers these products and services to individuals, small and medium enterprises, and retail customers through a wide network of branches and ATMs in Saudi Arabia. Alinma is headquartered in Riyadh, Saudi Arabia.
Alinma Bank premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Current Account | Car Financing | Alinma |
Family Account | Education Financing | |
Savings Account | Auto Lease | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Acquisitions/Mergers/Takeovers | In February, the bank acquired a 5.75% stake in Arabian Shield Cooperative Insurance from Tokio Marine & Nichido Fire Insurance. |
2023 | Contracts/Agreements | In March, the bank partnered with SimpliFi to strengthen the digital payments ecosystem in KSA. |
2023 | Contracts/Agreements | In March, the bank and Arabian Construction Company signed construction agreement to establish "Burj Alinma" as its new head office. |
Competitor Comparison
Key Parameters | Alinma Bank | Al Rajhi Banking & Investment Corp | Saudi Awwal Bank | Banque Saudi Fransi | Bank Albilad |
---|---|---|---|---|---|
Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
City | Riyadh | Riyadh | Riyadh | Riyadh | Riyadh |
State/Province | - | Riyadh | - | - | Riyadh |
No. of Employees | 3,878 | 20,878 | 5,105 | 3,154 | 4,636 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Abdulmalek bin Abdullah Al-Hogail | Chairman | Executive Board | 2019 | - |
Abdullah Ali Abdullah Al Khalifa | Chief Executive Officer | Senior Management | - | - |
Adel Saleh Abalkhail | General Manager - Finance; Chief Financial Officer | Senior Management | - | - |
Meshal Hamad Al Rabiah | Chief Risk Officer; General Manager - Risk Management | Senior Management | - | - |
Hisham Abdullah Al Turaigi | General Manager - Credit Management; Chief Credit Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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