Alinma Bank

Alinma Bank is one of the largest joint stock companies in Saudi Arabia established by Royal Decree on 28 March 2006. Alinma's headquarters is built at Al-Anoud Tower located on King Fahad Highway in the Saudi capital Riyadh. The bank was initially established with a share capital of about SAR 20 billion which included 1.5 billion shares with a nominal value of approximately SAR 10.

Among the original owners of Alinma Bank are the Saudi Public Investment Fund (PIF), the Saudi Public Pensions Authority (PPA), and the Saudi Arabia Social Insurance Organization (GOSI). Each of them has an equal number of shares, making up a total of 30% of the bank's share capital. The remaining 70% of the bank's shares were made available to the public in April 2008.

With a staff of more than 2,658 employees, Alinma Bank specializes in providing a comprehensive variety of Shariah-compliant corporate, retail, banking, and investment services. In addition to a network of branches and ATMs spread around the country, the bank also provides client service through Alinma Internet, Alinma Phone, Alinma Mobile, and the Alinma Smart App.

Alinma Bank joined forces with Saudi Arabia as it developed its Vision 2030 in 2016. The bank implemented a system that would allow business and government partners to quickly connect with the bank and test APIs in order to improve the speed and efficiency of its onboarding process. Additionally, Alinma Bank is also looking to modernize its built-in apps as part of a larger move to make apps across the company.

Founded: 2006
Headquarters: Riyadh, Saudi Arabia

Website: https://www.alinma.com/wps/portal/alinmaNew