Alinma Bank is a Saudi bank that practices banking business and is headquartered in the city of Riyadh. It is considered the newest Saudi bank, as it started its work in 2008. Company activity The objectives of the Bank are to engage in banking and investment activities that are compatible with Sharia rules and regulations. The bank currently has more than 100 branches for men and women spread across all major cities in the Kingdom of Saudi Arabia. Company history Alinma Bank, a Saudi joint stock company, was established pursuant to Royal Decree No. (M/15) dated 2/28/1427 AH (corresponding to 3/28/2006 AD), and Council of Ministers Resolution No. (42) dated 2/27/1427 AH (corresponding to 3/27/2006 AD). In accordance with the provisions of the Companies Law issued by Royal Decree No. (M/6) dated 3/22/1385 AH, the Banking Control Law and Cabinet Resolution No. (245) dated 10/26/1407 AH, as well as other applicable regulations in the Kingdom of Saudi Arabia. The objectives of the bank are In the conduct of banking and investment business, the main center of the bank is the city of Riyadh.
