Alinma Bank registered a net income for the fourth quarter as high as SAR 208 million. Compared to that, it was SAR 136 million in the same period in the previous year. Thus, the increase is 53%. Compared to the third quarter of 2012, the increase is 6…
Alinma Bank has been assigned a long-term issuer default rating (IDR) of ‘A-’ with a stable outlook, a short-term IDR of ‘F2’, a viability rating (VR) of ‘bbb-’, a support rating of ‘1’ and a support rating floor of ‘A-’ by Fitch Ra…
The main focus of Islamic Finance News Forum was the continuous rise of the Islamic capital markets in the Gulf region as well as worldwide. According to managing director and chief executive officer of Alinma Bank – Abdulmohsen A. Al-Fares – the Sukuk…
Tokio Marine Saudi Arabia appointed Alinma Investment as lead manager and underwriter for the initial public offering (IPO) of 30 percent of its stocks (20,000,000 shares).
The share capital amount of the company will be SR200,000,000. The offer period…
Alinma Bank has launched a new financing services, through whichclients are given free promotional gifts with the first personal financing (real estate, car or share financing) deal they complete with the bank.
Fahad Al-Semari, Alinma’s GM for retai…
Alinma Bank and Deutsche Gulf Finance signed an agreement that has the point to strengthen joint real estate financing and to provide real estate financing programs with affordable, long-term provisions with flexibility in repayment.
Alinma Bank was re…
Saudi’s Alinma Bank and the Saudi arm of Tokio Marine have signed an agreement to set up an insurance firm with a capital of 200 million riyals ($53 million).
In the statement there was said that Saudi Basic Industries Corp will hold a 5 percent stake …
Prince Sattam was the guest-of-honor at the formal opening ceremony of Alinma Bank in Riyadh on Sunday. The event marked the official launch of the bank’s full operations at its branches across the Kingdom.
Prince Sattam ceremonially announced the co…
Prince Sattam was the guest-of-honor at the formal opening ceremony of Alinma Bank in Riyadh on Sunday. The event marked the official launch of the bank’s full operations at its branches across the Kingdom.
Prince Sattam ceremonially announced the co…
Saudi Basic Industries Corp will be granted a $1 billion credit facility by Alinma Bank, plugging a financing gap at the world’s biggest petrochemicals group.
The facility aims to enhance SABIC’s financing performance, boost competitiveness and help achieve its expansion and growth stategy.
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