Alinma Bank - (1150)

14.57 -0.12(-0.82%) Last Update 23/02/2017 17:13 KSA

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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

Oman's Bank Muscat raising $500 mn through syndicated loan, say source
(Reuters - 24/02/2017)

Bank Muscat, Oman's largest bank by assets, is raising $500 million through a syndicated loan, banking sources familiar with the situation said on Thursday. The three-year loan refinances a $600 million facility maturing in March that the Omani lender ...

Dubai Islamic 2016 profit up 6pc to $1.1bn
(Trade Arabia - 24/02/2017)

Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6 per cent compared to Dh3.839 billion in 2015. At the Annual General Meeting (AGM) held yesterday (February 23) in Dubai, UAE DIB announced ...

QIIB to begin operations in Morocco with four branches
(The Peninsula - 23/02/2017)

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman and Managing Director of Qatar International Islamic Bank (QIIB) yesterday inaugurated the bank’s new branch at the Mall of Qatar. Qatar’s leading Islamic lender QIIB is expected to start its ...

Emirates NBD Asset Management announces strong 2016 performance
(Gulfnews - 23/02/2017)

Last year saw Emirates NBD Asset Management deliver another year of strong results across its suite of funds and mandates. Consistent performance and continuation of a strong track record saw the firm grow its Assets under Management (AuM) by 29 per ...

Qatar Islamic Bank gets nod to raise AT1 Capital Sukuk limit
(The Peninsula - 22/02/2017)

Qatar Islamic Bank’s (QIB) ordinary general assembly has given approval to increase the limit of the perpetual Sukuk (Additional Tier1 or AT1 Capital Sukuk) from QR5bn to QR7.5bn, subject to Qatar Central Bank (QCB) decision. The meeting, which approved ...

Al Masraf profit up 7% to Dh433m on strong loan growth
(Gulfnews - 22/02/2017)

The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of Dh433 million in 2016, up 7 per cent compared to the Dh405 million reported in 2015. The bank’s operating profit also rose by 7 per cent to Dh694 million. Profit growth ...

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position
(Bloomberg - 20/02/2017)

Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman recruited for a top finance-industry position in recent days as the country undertakes unprecedented social and economic change. Nashar’s ...

Doha Bank & Mastercard sign agreement
(The Peninsula - 20/02/2017)

Building on their long-standing partnership, Doha Bank and Mastercard have signed a long-term agreement to introduce a number of payment solutions in Qatar. Financial inclusion is key focus area for both companies, and the partnership will see innovative ...

Warba Bank inks deal with Al-Mulla Co – Bank to boost allocation
(Arab Times - 20/02/2017)

Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will increase the allocated amount of the acquisition of financing portfolios to reach KD 50 million. This substantial agreement ...

Al Musafir, Al Rajhi Bank form strategic partnership
(Saudi Gazette - 19/02/2017)

Al Musafir Company, a subsidiary of Al Tayyar Travel Group Holding, is embarking on a strategic partnership with Al Rajhi Bank to provide hotel booking service through Al Musafer Company’s apps and website, granting special discounts for credit ...

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