Alinma Bank to launch Qassim region operations

27/11/2011 00:00 AST

Prince Faisal bin Bandar bin Abdulaziz, governor of the Qassim region, will inaugurate Alinma Bank’s operations in Qassim and launch its branches there on Monday (Nov. 28) at the Alinma branch in the city of Buraidah.

Abdulmohsin Al-Fares, CEO of Alinma Bank, expressed gratitude to Prince Faisal for his patronage of the launch activities. “This achievement should motivate the bank and all of its employees to strive even harder in our mission to provide the very best banking services to citizens and residents of the Kingdom and to contribute to the ongoing development of the Kingdom’s economy, which has been expertly managed under the generous guidance of the government of Custodian of the Two Holy Mosques King Abdullah.”

Al-Fares added that regional expansion was key to the bank’s future success and that by launching operations in Qassim, the bank would have the opportunity to reach out to an important part of the Kingdom and to directly serve them via the bank’s Shariah-compliant financial solutions, which are backed by some of the industry’s best and latest banking technology. Al-Fares also said that Alinma would continue its expansion across the Kingdom.

Alinma Bank began its commercial operation during the second half of 2009 and managed, within a short period of time, to garner a number of international awards and to obtain several important certifications. In 2011, the bank was named the best Islamic financial institution in the Kingdom at the London Sukuk Summit and in 2009 Alinma received the “Power Deal of the Year” award from Project Finance magazine for its participation in the financing of the Rabigh Independent Power Plant project. Alinma Bank is also ISO certified for online banking information security services and is PCI-DSS certified for the security of its card transactions.

Arab News