Alinma
Riyadh-headquartered Saudi joint stock bank offering Shariah-compliant banking, asset management and brokerage. Net profit after zakat was SAR 6,397.1 million in 2025.
Industry: Banking | Location: Riyadh, Saudi Arabia | Founded: 2006
About Alinma
Alinma Bank, which trades as alinma, is a Saudi joint stock company that provides Shariah-compliant banking, asset management and brokerage services. It is regulated and supervised by the Saudi Central Bank and has its head office in the Al Anoud Tower on King Fahad Road in Riyadh. Its website says it serves corporate, small and medium-sized enterprise and individual customers with a digital-first model and that its strategy is aligned with Saudi Vision 2030.
The bank was established in 2006 by royal decree as a full Islamic banking services provider. Its investor relations site names the Public Investment Fund, the Public Pension Agency and the General Organization for Social Insurance as initial shareholders with 10 percent each, and says it began offering Shariah-compliant banking, asset management and brokerage services in 2007. Wikipedia reports that the remaining 70 percent of shares were offered to the public in April 2008. The investor relations site and the bank's website both give share capital of SAR 30 billion.
Dr. Abdulmalek bin Abdullah Al-Hogail has chaired the board since 2019, and Saad Abdulaziz Alkroud is vice chairman. Abdullah Ali AlKhalifa has been chief executive officer since January 2021. After the general assembly of 24 April 2025 and the Saudi Central Bank's non-objection, he was also appointed managing director of the board for a term running from 21 May 2025 to 20 May 2028. Saleh Abdullah AlZumaie is deputy chief executive officer and Adel Saleh Abalkhail is chief financial officer.
For 2025 alinma reported net profit after zakat of SAR 6,397.1 million, up 10 percent. Total assets were SAR 311,067 million, up 12 percent from SAR 276,827 million, financing SAR 229,747 million and customer deposits SAR 227,374 million. Return on assets was 2.18 percent and return on equity 18.70 percent. Dr. Al-Hogail attributed the growth to the expansion of core banking activities.
TechScoop reported on 3 August 2026 that Saudi Azm for Communication and Information Technology lists alinma among its bank clients, alongside Al Rajhi and Riyad Bank. Wikipedia ranks the bank tenth on Forbes Middle East's 30 Most Valuable Banks 2025 list.
Leadership
- Abdulmalek bin Abdullah Al-Hogail, Chairman of the Board
- Abdullah Ali AlKhalifa, Managing Director and Chief Executive Officer
- Saleh Abdullah AlZumaie, Deputy Chief Executive Officer
- Adel Saleh Abalkhail, Chief Financial Officer
- Meshary Abdulaziz AlJubair, Chief Operating Officer