Alinma Bank - (1150)

14.91 0.35(2.40%) Last Update 23/03/2017 16:44 KSA

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Alinma fully supports govt’s housing plans
(Saudi Gazette - 07/03/2017)

THE Saudi Arabian Minister of Housing Majed Bin Abdullah Al Hogail recently visited Alinma Bank to meet with executives and to discuss issues related to the current state of housing and home financing in the kingdom. The meeting, which took place at the ...

Alinma Educational Fund buys Amjad Qurtoba Schools
(Saudi Gazette - 08/02/2017)

The Alinma Educational Fund, which is managed by Alinma Investment Company, a wholly- owned subsidiary of Alinma Bank, has acquired Amjad Qurtoba Schools, a premiere private school in north Riyadh. Serving 2000+ students, Amjad Qurtoba Schools is ...

Alinma Bank’s 134th branch inaugurated
(Saudi Gazette - 07/02/2017)

With the opening of its most recent branch in the city of Onaizah in Riyadh province, Alinma Bank continues its expansion across Saudi Arabia, bringing its exemplary, Shariah-compliant services to residents in yet another important region of the kingdom. ...

New Alinma Bank branch launched in Ar-Rass City
(Saudi Gazette - 01/02/2017)

With the opening of its most recent branch in the city of Ar-Rass in Riyadh province, Alinma Bank continues its expansion across Saudi Arabia, bringing its exemplary, Shariah-compliant services to residents in yet another important region of the ...

Alinma Bank launches SADAD account
(Saudi Gazette - 30/01/2017)

ALINMA Bank has launched the most recent extension to its account offerings for its partners (customers) with the introduction of the Alinma SADAD Account. Designed to give partners greater flexibility when shopping online, the new account obviates the ...

Alinma net profit rises 2% in 2016
(Saudi Gazette - 19/01/2017)

ALINMA Bank has registered net income of SR1,502 million for the year ended 2016 compared to the SR1,470 million it earned in 2015, an increase of 2%. For the bank’s fourth fiscal quarter it achieved net income of SR390 million compared to the SR386 ...

Alinma Bank concludes blood donation campaign
(Saudi Gazette - 11/01/2017)

ALINMA Bank recently completed a successful week-long blood donation drive, organized in conjunction with King Faisal Specialist Hospital and Research Center in Riyadh. The campaign ran from Dec.18 through 23 and was hosted by Alinma at its head office ...

Alinma Bank gets praise for Alzheimer’s relief
(Saudi Gazette - 03/01/2017)

PRINCE Abdullah Bin Masa’ad Bin Abdulaziz, president of the Saudi Arabian General Authority for Sports, has praised Alinma Bank’s recent sponsorship of the 2nd annual Mizwala carnival for families impacted by Alzheimer’s disease. The prince was the guest ...

Alinma Bank donates SR1 million to ease plight of the Syrian people
(Saudi Gazette - 02/01/2017)

ALINMA Bank has donated SR1 million to Saudi Arabia’s national campaign to support the Syrian people. The effort was initiated recently by the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz and is being implemented under the supervision of ...

Corporate Announcements

Net profit announced for the year 2016, SAR 1.5 billion, an increase of 2.2%. - 17/01/2017
Cash dividend of SR 0.5 per share announced for the year 2016. - 20/12/2016
Net profit announced for the 9 months ending on 30/9/2016, SAR 1.11 billion, an increase of 2.6%. - 16/10/2016
Net profit announced for the 1st Half of the year 2016, SAR 800 million, an increase of 13%. - 21/07/2016
Net profit announced for the 1st Quarter of the year 2016, SAR 391 million, an increase of 14%. - 11/04/2016

Commercial Bank - News

CI ratings recognise Doha Bank’s sustainable business model: CEO
(Gulf Times - 26/03/2017)

Capital Intelligence ratings affirmation on Doha Bank recognises the bank’s “sustainable business model in response to changing market conditions in Qatar and overseas,” CEO Dr R Seetharaman has said. CI Ratings, the international credit rating agency, ...

Bank Nizwa marks annual general meeting with first profit milestone
(Oman Daily Observer - 26/03/2017)

Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa recorded its first net profit since inception in 2013. Witnessing unparalleled growth over the last four years, the bank has led the sector from the start, establishing a ...

NBK is first GCC bank to open branch in China
(Arab Times - 26/03/2017)

Bank of Kuwait opened its new branch in People’s Republic of China, holding a ceremony at Shangri-La Hotel in Shanghai attended by the Kuwaiti Ambassador Samih Jawhar Hayat and the bank’s top executives, led by Isam Jasem Al Sager, NBK Group Chief ...

QIB named the ‘Best Islamic Financial Institution in GCC’ by Global Fi
(Gulf Times - 23/03/2017)

Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled lender, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf Cooperation Council (GCC)’ by the US-based Global Finance magazine for 2017. These awards recognise the ...

ABK wins ‘Best Retail Bank in Kuwait’ award 2017
(Arab Times - 23/03/2017)

Al Ahli Bank of Kuwait (ABK) recently won the prestigious Best Retail Bank in Kuwait award from The Asian Banker for the second year in a row. The award, which is sought after in the banking industry, is given each year by one of Asia’s most highly ...

QNB wins ‘Most Innovative Marketing Programme’ award
(Gulf Times - 22/03/2017)

QNB has won the ‘Most Innovative Marketing Programme’ award at the ‘2017 Mastercard Mena Leadership Forum’ held recently in London. QNB is the only bank from Qatar to win an award at the event. The award was presented to QNB for its campaign launched ...

Warba Bank lists its sukuk on Nasdaq Dubai
(Arab Times - 21/03/2017)

Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a 250 million US dollar Perpetual Tier 1 Basel III ...

Doha Bank meets SME customers at forum
(Gulf Times - 20/03/2017)

Doha Bank organised a breakfast meeting and knowledge-sharing session with owners of small and medium-sized enterprises (SMEs) where in-house and guest resource speakers shared their expertise. Doha Bank Group CEO Dr R Seetharaman stressed that the ...

CBQ considers international bond issue
(The Peninsula - 20/03/2017)

Commercial Bank of Qatar (CBQ) is in talks with banks about a potential international bond issue that will most likely be denominated in US dollars, sources familiar with the matter said. If the deal goes ahead, CBQ would join a growing number of banks ...

Warba Bank opens its 11th branch in Shuhada region
(Arab Times - 20/03/2017)

In line with the Bank’s vision of strategic expansion in the most dynamic and distinctive areas of Kuwait, the Bank established a new branch in the Shuhada region to provide the best pioneering Shari’ah-compliant banking services and solutions that are ...

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