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.
Headquarters
Saudi Arabia
Address
P.O. Box 66674, King Fahad Road, Al Anoud Tower, Riyadh, 11586
Website
www.alinma.com
Telephone
966 1 12185555
No of Employees
3,878
Industry
Financial Services
Ticker Symbol & Exchange
1150 (SAU)
Revenue (2022)
$4.3B
59.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
34.5%
(2022 vs 2021)
Market Cap*
$21.1B
Net Profit Margin (2022)
XYZ
-15.7%
(2022 vs 2021)
* As of and is in US$
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 | - | - | Riyadh |
| No. of Employees | 3,878 | 20,878 | 5,105 | 3,189 | 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 | Chief Financial Officer; General Manager - Finance | Senior Management | - | - |
| Meshal Hamad Al Rabiah | General Manager - Risk Management; Chief Risk Officer | Senior Management | - | - |
| Hisham Abdullah Al Turaigi | Chief Credit Officer; General Manager - Credit Management | 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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