Alinma Bank - (1150)

14.36 0.14(0.98%) Last Update 27/04/2017 17:05 KSA

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Alinma Bank’s net profit up 8% to SR421m in Q1
(Saudi Gazette - 19/04/2017)

Alinma Bank has announced that it earned a net profit of SR421 million during the first quarter of 2017. This represents an 8% improvement over the SR391 million net profit earned in the corresponding quarter of 2016. This was also an increase over the ...

Alinma Bank approves SR745m dividend
(Saudi Gazette - 10/04/2017)

ALINMA Bank approved the distribution of SR745 million in dividends to shareholders for the 2016 fiscal year at its first extraordinary general assembly, held last April 6. The dividend payment equals 5% of the bank’s capital after deductions for Zakat. ...

Alinma Bank recognized as a Top 20 Saudi Brand
(Saudi Gazette - 03/04/2017)

ALINMA Bank has been recognized as one of the top 20 brands in Saudi Arabia by Kantar Millward Brown, one of the top market research firms worldwide and a member of the prestigious WPP family of marketing and advertising firms. Joining other perennial ...

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 ...

Corporate Announcements

Net profit announced for the 1st Quarter of the year 2017, SAR 421 million, an increase of 8%. - 17/04/2017
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

Commercial Bank - News

Doha Bank honoured at 3G Awards in Dubai
(The Peninsula - 27/04/2017)

Doha Bank received the “Global Good Governance (3G) Awards 2017” under the category "3G Environmental Responsibility Award 2017", at Fair month The Palm in Dubai, on Monday. The award ceremony was hosted by Cambridge IF Analytica. Leaders from Corporate ...

QIIB wins Visa International Award
(The Peninsula - 27/04/2017)

QIIB has bagged the ‘Best growing Qatari bank in the banking card industry in 2016’ award , instituted by Visa International for banks achieving the highest growth rate in the card sector in countries where they operate. Abdulbasit Ahmad Al Shaibei, QIIB ...

NBQ’s first quarter net profits up 20%
(Gulfnews - 27/04/2017)

National Bank of Umm Al Qaiwain (NBQ) on Wednesday reported a net profit of Dh123.39 million, up 20 per cent for the first quarter of 2017 compared to Dh102.4 million in the same quarter last year. Net interest income grew by 20 per cent compared to the ...

Emirates NBD official banking partner for Expo 2020
(The Gulf Today - 27/04/2017)

Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner. The partnership marks Emirates NBD’s long-term commitment to supporting the growth and ...

NBAD shareholders approve name change to First Abu Dhabi Bank
(CPI Financial - 25/04/2017)

National Bank of Abu Dhabi (NBAD) shareholders have approved the proposal to change the name of the UAE’s largest bank to First Abu Dhabi Bank. The new name, which was proposed by the bank’s Board of Directors upon legal merger completion on 2 April, ...

CBD’s first quarter 2017 operating profit increases by 9.5 per cent
(CPI Financial - 25/04/2017)

Commercial Bank of Dubai (CBD)’s net profit for Q1-17 of AED 160.1 million was 33.5 per cent lower compared to AED 240.8 million for the same quarter last year, mainly due to prudent provisioning and higher general provision as a result of loan growth. ...

Masraf Al Rayan discloses results for 1st Q 2017
(CPI Financial - 25/04/2017)

The statements show that the net profit is QAR 510 Million Compared to net profit amounting to QAR 546 Million for the same period of the previous year. The Earnings per Share (EPS) amounted to QAR 0.680 for the period ended 31 March 2017 to EPS amounted ...

Masraf Al Rayan posts QR510mn Q1 net profit as core earnings surge
(Gulf Times - 25/04/2017)

Masraf Al Rayan, a Shariah-compliant lender, has reported a net profit of QR510mn in the first three months of this year on the back of “reasonable” expansion in core earnings. The bank’s financing grew 3% year-on-year to QR67.51bn and investments by 6% ...

CBI reports Dh21 million first quarter net profit
(Gulfnews - 25/04/2017)

Commercial Bank International (CBI) reported a net profit of Dh21 million for the first quarter of 2017 compared to Dh37 million in the first quarter of 2016. The bank said in a statement that its first quarter profits were impacted by higher gross ...

NBAD shareholders approve name change post merger
(Gulfnews - 25/04/2017)

Shareholders of the National Bank of Abu Dhabi on Monday approved a proposal by the bank to change its name to First Abu Dhabi Bank. The approval comes three weeks after the bank merged with Abu Dhabi’s First Gulf Bank (FGB). The new name was proposed by ...

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