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
Chairman
Dr. Abdulmalik Abdullah Al-Hogail is the Chairman of Alinma Bank’s Board of Directors, a position he has held since 2019. In addition to his role with Alinma Bank, Dr. Al-Hogail also serves as Deputy Chairman of the Americana Restaurants International as well as the Kuwait Food. He is also a board member of the Saudi National Shipping Company (Bahri), and has served in several other boards, including the Public Pension Fund, Saudi Electricity Company (SEC), Accenture Saudi Arabia, and Philips Healthcare Saudi Arabia.
Dr. Al-Hogail holds a Ph.D. in accountancy and Finance from Case Western Reserve University, U.S., and comes with several professional certifications including the CPA, SOCPA, CMA and CFM.