Alinma Bank
Alinma Bank is a Saudi joint-stock Islamic bank headquartered in Riyadh and serving retail, corporate and investment customers through physical and digital channels.
Last updated August 26, 2026
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Overview
Alinma Bank is a Saudi joint-stock bank whose business is organized around Sharia-compliant financial services. Its name is derived from the Arabic word for growth or development. The bank was created in Saudi Arabia under Royal Decree No. M/15 dated 28 March 2006 and Ministerial Resolution No. 42 dated 27 March 2007. Its establishment capital was SAR 20 billion, divided into 1.5 billion shares with a nominal value of SAR 10 each. The bank was formed with three Saudi public-sector founding shareholders: the Public Investment Fund, the Public Pension Agency and the General Organization for Social Insurance. Together, these institutions represented 30% of the bank's share capital, with equal holdings among them according to the cited reference material. The remaining 70% was made available for public subscription in April 2008, giving Alinma a broad public shareholder base and a listing on the Saudi Exchange under ticker 1150. Alinma's principal business is domestic banking conducted according to Islamic-finance principles. Its offering covers retail banking, corporate banking and investment-related services. Retail activities include accounts, payment services, cards, personal finance, home finance and related customer facilities. Corporate and institutional activities include business finance, trade finance, cash-management services and other banking arrangements for companies and organizations. The bank also provides investment and wealth-management services as part of its wider financial-services portfolio. Customers are served through a nationwide network of branches and automated teller machines, together with alternative channels including Alinma Internet, Alinma Phone, Alinma Mobile and the Alinma App for smart devices. This combination allows the bank to operate as both a branch-based Saudi institution and a digital-services provider. Its principal market is Saudi Arabia rather than a geographically diversified international network. Alinma's positioning is that of a comprehensive Saudi Islamic bank rather than a narrowly specialized financial institution. It addresses individual customers, businesses, institutions and government-related organizations with products designed to comply with Sharia principles. The bank has more than 2,658 employees according to the cited Wikipedia material, although the reference does not specify the measurement date. In 2025, Forbes Middle East ranked Alinma tenth among its 30 Most Valuable Banks and 25th among its Top 100 Listed Companies. These rankings indicate visibility within the regional banking and listed-company landscape, but they do not by themselves establish financial performance or market capitalization figures beyond the rankings reported by the source.
History
Alinma Bank was established as a Saudi joint-stock company during the development of the Kingdom's domestic Islamic-banking sector. Its legal formation was authorized by Royal Decree No. M/15 on 28 March 2006, followed by Ministerial Resolution No. 42 on 27 March 2007. The bank was established with share capital of SAR 20 billion, represented by 1.5 billion shares with a nominal value of SAR 10 per share. The founding shareholder structure linked the new bank to three major Saudi public institutions: the Public Investment Fund, the Public Pension Agency and the General Organization for Social Insurance. These founding shareholders collectively represented 30% of the bank's share capital and held equal proportions of that block according to the cited reference. The remaining 70% was offered to the public for subscription in April 2008. This structure made Alinma both institutionally backed and publicly held. Following its formation, Alinma developed a nationwide banking presence focused on Sharia-compliant retail and corporate services. Its physical infrastructure included branches and ATMs, while its alternative-channel network expanded through Alinma Internet, Alinma Phone, Alinma Mobile and the Alinma App for smart devices. These channels enabled the bank to serve customers beyond branch locations and supported the gradual integration of digital banking into its Saudi operating model. The bank's activities span several customer groups. Retail banking includes accounts, payment services, cards, personal finance and home finance. Corporate and institutional banking includes business financing, trade finance and cash management. Investment banking and wealth-management services extend the offering to institutional and affluent customers. Across these areas, the bank presents its products as being structured in accordance with Islamic-finance principles. Alinma's head office is located in Al-Anoud Tower on King Fahad Highway in Riyadh. Its principal market remains Saudi Arabia, and the bank is listed on the Saudi Exchange under ticker 1150. The cited material identifies a workforce of more than 2,658 employees, without specifying the relevant reporting date. By 2025, the bank had also achieved regional recognition in Forbes Middle East rankings, placing tenth among the publication's 30 Most Valuable Banks and 25th among its Top 100 Listed Companies. The available references establish the bank's legal origin, ownership formation, distribution channels and broad business scope, but do not provide enough verified information here to construct a detailed chronology of chief executives, annual financial results or individual product launches.
- 2025
Forbes Middle East banking ranking
[1]Alinma Bank ranked tenth in Forbes Middle East's list of the 30 Most Valuable Banks for 2025.
- 2025
Forbes Middle East listed-company ranking
[1]Alinma Bank ranked 25th in Forbes Middle East's 2025 Top 100 Listed Companies.
- 2008
Public subscription
[1]The remaining 70% of the bank's shares was offered for public subscription in April 2008.
- 2007
Ministerial approval issued
[1]Ministerial Resolution No. 42 dated 27 March 2007 followed the royal decree in the bank's establishment process.
- 2006
Legal establishment authorized
[1]Royal Decree No. M/15 dated 28 March 2006 authorized the formation of Alinma Bank as a Saudi joint-stock company.
1,000th ATM milestone
[1]The bank reported reaching its 1,000th ATM, reflecting the expansion of its physical self-service network.
Products and positioning
A Saudi domestic bank offering a broad range of Sharia-compliant retail, corporate and investment services through branches, ATMs and digital channels.
Banking services
Retail banking
Alinma's retail banking business serves individual customers with everyday banking products, including accounts, payments, cards and access to branch, ATM and digital channels. It forms the consumer-facing foundation of the bank's Sharia-compliant offering.
Islamic finance
Personal and home finance
Personal and home finance addresses individual funding needs, including consumer and housing-related requirements. The products are presented within the bank's Islamic-finance framework and are distributed through Alinma's branch and alternative banking channels.
Corporate banking
Corporate banking
Corporate banking provides financing and related services for businesses and institutional customers. The cited business scope includes corporate finance, trade finance and cash management, supporting clients' operating, payment and working-capital needs.
Investment services
Investment banking and wealth management
Investment banking and wealth-management services broaden Alinma's offering beyond everyday deposits and financing. They are intended for institutional, affluent and other eligible customers, although the supplied references do not specify individual products or mandates.
Digital banking
Alinma digital banking channels
The bank serves customers through Alinma Internet, Alinma Phone, Alinma Mobile and the Alinma App for smart devices. Together with branches and ATMs, these channels form the bank's multi-channel service infrastructure in Saudi Arabia.
Recent events
Alinma Bank launches Instant Savings service[3]
Reported:
Alinma Bank launched its Instant Savings service, which lets customers save a fixed amount or a percentage of each purchase, free of fees.
InoChem signs SR1.7 billion financing facility[4]
Reported:
Khair Inorganic Chemical Industries Company (InoChem) signed a SR1.7 billion Wakala and Forward Ijarah Facility loan agreement with Alinma Bank and Albilad Bank, with a 13-year tenure. The facility is intended to fund the establishment of an industrial complex in Ras Al Khair Industrial City.
Sources4 sources
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