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 building. Support by Alinma staff was strong and the effort resulted in a significant contribution to the hospital, which relies upon the generosity of the public, and organizations such as Alinma Bank, to meet its blood donation targets.
Alinma Bank CEO Abdulmohsen Al-Fares emphasized the importance of giving back to the community.
“At Alinma Bank, we believe strongly in supporting the community,” said Al-Fares, “and when King Faisal Specialist Hospital & Research Center issued an urgent call for blood donations, we felt it was incumbent upon us to do our part.”
In recent years, Alinma bank has consistently supported blood donation efforts in the Kingdom, and in 2016, contributed to the campaign to support the medical needs of the Saudi Armed Forces engaged in the defense of the kingdom’s southern border.
Selling in bank stocks pulls down share index
Local selling in banking stocks dragged down the MSM30 Index, which ended the session at 5,720.77 points, down by 0.29 per cent. The MSM Sharia Index declined by 0.08 per cent to close at 857.64 poi
Saudi National Commercial Bank Q4 profit up 7.5%
Saudi Arabia’s National Commercial Bank (NCB) reported a 7.5% rise in fourth-quarter net profit yesterday as the kingdom’s largest lender was boosted by higher income from commission and investments.
The bank’s net operating income for 2016 reached QR1.2bn and was 1% higher tha
QIB profit grows by 10.3% to QR2.15bn
QIB has recorded a net profit of QR2.15bn for the fiscal year 2016, up 10.3 percent compared to QR1.95bn for the year 2015. The bank’s basic earnings per share reached QR8.55 compared to QR 8.06 a ye