Founded in 2006, Alinma Bank is a Saudi joint stock company with a share capital of SAR15 billion consisting of 1.5 billion shares with a nominal value of SAR10 per share. Major shareholders are Saudi’s Public Investment Fund, Pension Public Agency, and the General Organization of Social Insurance.
The bank holds a 28.75 per cent stake in Alinma Tokio Marine, a cooperative insurance company in Saudi Arabia.
In the first quarter of the year, Alinma added three new branches and 50 ATMs, bringing the total number of its branches to 91 and ATMs to 700.