Alinma Bank (Tadawul: 1150, Bloomberg: ALINMA AB) is the most recent of the 12 domestic banks in Saudi Arabia to launch operations, which commenced in 2009. Formed under royal decree in 2006 and licensed as a fully functioning commercial bank, Alinma was established with SAR 15 billion in share capital and has a Tier I ratio of 28%. Headquartered in Riyadh, the bank provides a comprehensive array of fully Shariah-compliant banking and investment products and services for retail and corporate clients. These are delivered through its network of nearly 100 branches and over 910 ATMS, as well as through a full complement of e-banking services. Alinma Bank also has two full-owned subsidiaries: Alinma Investment Company and Al-Tanweer Real Estate Company. The bank also holds a 28.75% share of Alinma Tokio Marine Company (Tadawul: 8312, Bloomberg: ALINMATO AB), which is a provider of Shariah-compliant, cooperative insurance products and services.



Dr. Abdulmalik Al-Hogail is the chairman of the Alinma Bank Board of Directors, a position he has held since 2019. Dr. Al-Hogail is an accredited CPA in both the U.S. and Saudi Arabia. He holds both master’s and Ph.D. degrees in accounting from Case Western Reserve in the U.S. and obtained a bachelor’s degree in accounting from King Saud University in Riyadh. In addition to his role with Alinma Bank, Dr. Al-Hogail also serves as the vice chairman of Bahri (transportation & logistics) and Americana (food & beverage), and is also a board member at National Chemical Carriers (transportation & energy).   Other notable board appointments have included: Saudi Electric Company (board director), Public Pension Agency (board director), Capital Market Authority (audit committee member), and Accenture (board director).