Year in review

A Year of Growth
and Achievement

alinma demonstrated remarkable progress and resilience throughout 2024, solidifying its position as a leader in Saudi Arabia’s banking sector. With a focus on strategic growth, innovation and community empowerment, the Bank successfully navigated an evolving financial landscape while reinforcing its commitment to sustainable development and customer-centric solutions. alinma's impactful initiatives and partnerships reflect its dedication to fostering economic growth, supporting national priorities and delivering exceptional value to stakeholders.
January

Expanding in the insurance sector

alinma signed an agreement to acquire Tokio Marine’s 4.6 million share stake in Arabian Shield, strengthening its presence in the insurance industry by being the largest shareholder in Arabian Shield.

February

Enhancing capital strength

alinma issued USD 1 billion in Tier 1 Sukuk through a USD-denominated offering, reinforcing its financial resilience and supporting future growth.

March

Recognized for wage protection efforts

alinma was honored by the Ministry of Human Resources for its contributions to the success of the “Wage Protection” initiative.

April

Supporting landmark developments

alinma participated in financing NEOM’s % 10 billion facility and renewed a USD 22.6 million financing deal with National Building.

May

Empowering communities and youth

alinma awarded scholarships to the value of % 5 million to promote financial inclusion.

alinma launched “iz,” the first comprehensive digital banking experience for youth.

July

Driving scientific excellence

alinma hosted and celebrated the Saudi science and engineering team in the ‘Road Trip to ISEF’.

August

Enriching the cultural sector

alinma partnered with the Cultural Development Fund to finance enterprises in Saudi Arabia’s cultural sector.

September

Promoting transparency in Shariah compliance

alinma launched the English edition of “Shariah Provisions and Controls” for its products and services.

October

Expanding financing initiatives in line with the country’s 2030 Vision

alinma signed a Murabaha financing deal with Bahri and backed Red Sea Global’s USD 1.5 billion AMAALA infrastructure financing.

November

Additional support for Red Sea projects

alinma increased financing facilities for Red Sea’s unit by % 30 million, bolstering infrastructure development.

December

Funding innovation in real estate

alinma co-led Ejari’s USD 14.65 million funding round, reinforcing its role in fostering innovation and entrepreneurship.