Alinma Bank is a Saudi bank listed as a public joint stock company. It is the most recent financial banking institution established in the Kingdom of Saudi Arabia, as it began its operations in 2006. After two years of starting its activity, it was listed on the Saudi Stock Exchange (Tadawul). The bank's capital is SAR20 billion. Its headquarters are located in the capital, Riyadh. Its banking operations are supervised by the Banking Control Department of the Saudi Central Bank.
Establishment of Alinma Bank
The bank was established by three government entities: the Public Investment Fund, the Saudi Public Pension Agency (before its merger with insurance), and the General Organization for Social Insurance.
Branches of Alinma Bank
Alinma Bank operates 104 branches around the Kingdom, providing banking services in the retail, corporate, investment and brokerage, and treasury sectors. These branches are supported by more than 1,500 ATMs, 108 digital zones, and 125,247 point-of-sale devices in the Kingdom.
Services of Alinma Bank
The bank provides services to 3.9 million customers and conducts transactions in compliance with Islamic Sharia. For this purpose, it has allocated a Sharia body composed of specialists in financial transactions and economics jurisprudence. It is charged with clarifying the provisions and controls and following up on their implementation.
Companies of Alinma Bank
Alinma Bank has five 100-percent-owned subsidiaries, and the Kingdom is the center of their activities, namely: Alinma Investments, Tanweer Real Estate Company, Alinma SPV Limited, Alinma Isnad Company, and the Saudi Financial Technology Company.
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