Historical events timeline.
A royal decree is issued to establish Alinma Bank as a Saudi joint stock company with initial capital of SAR 15 billion. The bank is founded by the Public Investment Fund, Saudi Aramco, and other strategic investors. #banking #SaudiArabia
The first board of directors is appointed, chaired by Dr. Abdulrahman Al-Hamidy. The board sets the strategic direction for the bank's Islamic operations. #leadership #board
Alinma Bank officially opens its doors to customers, offering Sharia-compliant banking services through a network of branches. #banking #launch
Alinma Bank lists on the Saudi Stock Exchange (Tadawul) under the symbol 1150, raising SAR 7.5 billion in its IPO. The offering is oversubscribed. #IPO #Tadawul
Alinma Bank reports its first annual net profit of SAR 1.2 billion for 2008, exceeding market expectations. #financials #earnings
Alinma Bank introduces its first Sharia-compliant home financing product, Alinma Home Finance, targeting the Saudi housing market. #homefinance #IslamicBanking
Alinma Bank establishes a dedicated corporate banking division to serve large enterprises and government entities. #corporatebanking #business
Alinma Bank reaches a milestone of 50 branches across Saudi Arabia, expanding its retail footprint. #expansion #banking
Alinma Bank partners with a takaful provider to offer Sharia-compliant insurance products to its customers. #takaful #insurance
Alinma Bank launches its online banking platform, enabling customers to manage accounts, transfer funds, and pay bills online. #digital #onlinebanking
Alinma Bank launches a loyalty rewards program for credit card users, offering cashback and travel benefits. #rewards #loyalty
Alinma Bank announces a capital increase from SAR 15 billion to SAR 20 billion through a rights issue, approved by shareholders. #capital #rightsissue
Alinma Bank achieves a milestone of 100 branches across Saudi Arabia, expanding its physical footprint. #expansion #branch
Alinma Bank launches its mobile banking application for iOS and Android, providing convenient access to banking services. #mobilebanking #app
Alinma Bank expands its ATM network to over 200 machines, enhancing customer access to cash services. #ATM #convenience
Alinma Bank unveils a new corporate identity, including a modernized logo and brand guidelines, reflecting its digital transformation journey. #rebranding #corporateidentity
Alinma Bank introduces a specialized banking package for small and medium enterprises, including simplified financing and fee waivers. #SME #banking
Abdulmohsen Al-Fares is appointed as the new Chief Executive Officer of Alinma Bank, succeeding Abdulaziz Al-Humaidan. Al-Fares brings extensive experience in Islamic banking. #CEO #leadership
Alinma Bank migrates to a cloud-based core banking system, improving operational efficiency and scalability. #cloud #bankingtechnology
Alinma Bank introduces Alinma Digital, a comprehensive digital banking platform offering automated account opening, card management, and instant payments. #digitaltransformation #fintech
Alinma Bank opens its first international branch in Bahrain, marking its expansion into the Gulf region. #expansion #international
Alinma Bank partners with Saudi Payments to integrate its services with the national mada payment system, enhancing payment acceptance. #payments #partnership
Global Finance magazine awards Alinma Bank the title of Best Islamic Bank in Saudi Arabia for its innovative products and services. #award #IslamicBanking
Alinma Bank issues its first Sharia-compliant sukuk (Islamic bonds) worth SAR 2 billion, attracting strong investor demand. #sukuk #IslamicFinance
Alinma Bank launches a dedicated financing program for projects aligned with Saudi Vision 2030, focusing on infrastructure and renewable energy. #Vision2030 #projectfinancing
Alinma Bank accelerates digital banking adoption and offers loan deferrals to customers affected by the COVID-19 pandemic. #COVID19 #digitalbanking
Alinma Bank reports a record net profit of SAR 3.5 billion for the first half of 2020, driven by strong non-interest income. #earnings #recordprofit
Alinma Bank's total assets exceed SAR 100 billion for the first time, reflecting robust growth. #assets #milestone
Alinma Bank launches Alinma Pay, a contactless mobile payment solution, enabling customers to make secure payments using NFC technology. #contactless #payments
Alinma Bank is added to the MSCI Emerging Markets Index, reflecting its growing market capitalization and liquidity. #MSCI #index
Alinma Bank partners with Foodics, a Saudi cloud-based restaurant management platform, to offer integrated financial services to SMEs. #SME #partnership
Alinma Bank launches its wealth management division, offering Sharia-compliant investment advisory and portfolio management for high-net-worth individuals. #wealthmanagement #investment
Alinma Bank joins the United Nations Environment Programme Finance Initiative (UNEP FI), committing to sustainable finance principles. #sustainability #UNEP
Alinma Bank inaugurates its new corporate headquarters in King Abdullah Financial District, Riyadh, symbolizing its growth ambitions. #headquarters #expansion
Alinma Bank enhances mobile security with biometric login (fingerprint and facial recognition) for its mobile banking app. #biometrics #security
Alinma Bank reports a 30% increase in net profit for the first quarter of 2024, reaching SAR 1.2 billion, driven by higher financing and deposit growth. #earnings #growth
Alinma Bank introduces sustainable and green financing products to support environmental projects, aligning with Saudi Vision 2030. #greenfinance #sustainability
Alinma Bank releases open banking APIs to enable fintech partnerships and third-party integrations, complying with Saudi Central Bank regulations. #openbanking #fintech