Operating Review
Growth, Innovation and
Customer-Centric
Excellence
alinma stands at the forefront of providing comprehensive and integrated best practice services designed to meet the diverse needs of our clients. Through our multifaceted approach, we offer a broad spectrum of financial solutions that cater to individuals, small and medium-sized businesses, and large corporations alike, ensuring a seamless and efficient banking experience.
Our Retail Banking business serves individuals across all segments (private, diamond, platinium, and gold) and small to medium-sized businesses. It delivers a comprehensive range of financing products and solutions, deposit accounts, cards, and other banking services across its network of branches, private banking centers, sales centers, and call center, and through our digital channels via mobile and internet banking. The Bank strives to empower its customers and enhance their financial well-being with personalized solutions that create a fast and convenient customer experience and journey in our branches and digital channels.
2024 Key achievements
- Achieved 16.8% growth in financing portfolio (83% growth in auto lease)
- Achieved 1.5X growth in remittance business and 2.0X growth in card spend
- Achieved 3rd place in Saudi Market for Retail deposits and customer base
- Completed all branch Merger Plan
alinma’s Treasury Department plays a pivotal role in enhancing the income stream of the Bank by improving yield income generated from investment activities, as well as special commission and fee income through various Treasury FX and profit rate solutions. In addition to that, Treasury applies sophisticated products, such as GMRA and FX Swap, to secure liquidity at a lower and competitive cost. Treasury also supports balance sheet growth by maintaining a healthy and sound funding mix.
2024 Key achievements
- USD 1 billion Sukuk issued to diversify funding base
- Executed bilateral financing with a total amount of USD 300 million
- Executed PRS transactions to hedge floating rate assets worth % 4.6 billion
- +8.5 billion growth in Profit Rate Swap (PRS)
- Net growth in the investment book +% 4.8 billion
The Corporate Banking Group (CBG) provides specialized financing, deposits, and a suite of products and services to cater to the unique requirements of corporate and institutional customers. alinma is dedicated to supporting businesses in achieving their financial goals and fostering growth.
The CBG provides financing to the following client segments: Small and Medium Enterprises (SMEs), Mid Corporates, Large Corporates, and Project and Structured Finance. Our Global Transaction Banking (GTB) department provides cash management solutions, manages non-borrowing clients for liability generation, and provides trade finance solutions. Other support departments within the CBG include Customer Support, Portfolio management, and Corporate Banking Excellence.
2024 Key achievements
- Launched eCLO phase 2 covering ICB, PSF, CCB and SME traditional
- Launched the Supply Chain Finance product
- +15% (YoY) growth in Corporate financing including SMEs
- 75% growth in deposits
- 25% growth in trade finance income
Saudi Arabia’s small and medium enterprises have benefited enormously from innovative financing products launched by alinma. alinma’s SME Banking division Group has played a pivotal role in broadening access to funding for SMEs, more than doubling its assets in this segment from % 4 billion in 2020 to % 9.2 billion by the end of 2024.
In 2024, alinma’s subsidiaries delivered outstanding results, driving innovation and efficiency across key areas. With significant advancements in asset management, e-wallet solutions, real estate and derivatives operations, they contributed substantially to the Bank’s growth and strengthened its position in the market.
Investor Relations Department
P.O. Box 66674, Riyadh 11586
Al Anoud Tower, King Fahad Road, Riyadh
Kingdom of Saudi Arabia
E-mail: IR@alinma.com
Phone: +966-11-218-5555