Managing Director and CEO's Message

Our strategy is designed to be practical, measurable, and executable across economic cycles. In 2025, execution was the central theme. Across the organization, teams delivered against well-defined priorities with stronger coordination, sharper accountability, and improved speed of decision-making, achieving our Strategy 2025 goals and laying a strong foundation for our Strategy 2030 that was launched this year.

We advanced our core banking activities, maintaining a disciplined approach to capital allocation and risk management. Growth was pursued selectively, with a focus on segments where alinma has clear competitive strengths and the ability to build long-term relationships. At the same time, we continued to refine our internal processes, governance frameworks, and performance management, ensuring that scale did not come at the expense of control.

This execution has resulted in measurable outcomes supported by structural change. Over the course of the strategy cycle, operating income more than doubled, increasing from %5.7 billion in 2020 to %11.9 billion in 2025, while net income grew by more than three times, rising from %2.0 billion to %6.4 billion. Returns strengthened materially, with return on equity increasing from 8.4% in 2020 to 18.7% by 2025 and return on assets improving from 1.4% to 2.2%. This execution discipline has become a differentiating strength. It allows alinma to move faster where opportunities exist, adapt to changing conditions, and deliver consistently across business cycles.

Innovation at alinma is no longer treated as a stand-alone initiative. It is embedded across how we design products, engage customers, manage risk, and operate the Bank. In 2025, we continued to scale our digital, data, and analytics capabilities, ensuring they were closely aligned with business priorities and customer needs.

We made further progress in embedding automation, advanced analytics, and AI across key customer journeys and internal workflows. These capabilities improved turnaround times, enhanced experience quality, and supported more efficient use of resources. Digital platforms increasingly function as integrated ecosystems, connecting banking services with broader value propositions in a secure and intuitive manner.

Data-driven insight also played a growing role in personalizing customer engagement, strengthening risk management, and improving forecasting accuracy. By grounding innovation in practical use cases and measurable outcomes, we ensured that technology investments translated into real value rather than incremental complexity.

Execution in 2025 was evident across all major business verticals, each of which contributed to the Bank's overall performance and strategic momentum.

Corporate Banking continued to play a central role in alinma’s growth. We strengthened our position as a trusted partner for large corporates, mid‑corporates and government‑related entities by combining financing expertise with enhanced transaction banking, trade finance, and liquidity management solutions. Our focus on project finance, infrastructure‑related opportunities, and structured solutions supported portfolio diversification and stable revenue generation. In parallel, the accelerated expansion of the Mid‑Corporate segment broadened our client base and contributed meaningfully to asset growth, supported by disciplined risk management and relationship-led execution. Closer coordination between relationship teams and product specialists improved responsiveness, deepened client engagement, and reinforced our role in supporting economic diversification and private‑sector growth.

SME Banking advanced as a strategic growth engine. We continued to move beyond traditional lending toward a more integrated SME proposition that combines financing, transaction services, and digital solutions. Enhanced onboarding, simplified journeys, and improved access to tailored products supported acquisition and engagement across priority SME segments. Our approach reflects a long-term commitment to supporting entrepreneurship and domestic economic growth while maintaining prudent risk standards. In line with this vision, we also launched iZ Business, a digital platform designed specifically for small and micro‑enterprises as well as freelancers, offering them a seamless, end‑to‑end experience for account opening, cash management, and access to customized financing solutions.

Retail Banking maintained strong momentum through ongoing digital adoption and product innovation. We focused on simplifying customer journeys, expanding self-service capabilities, and offering solutions aligned with customers' everyday financial needs. Digital channels continued to account for a growing share of interactions, reinforcing customer preference for convenient and intuitive banking experiences. At the same time, we strengthened cross‑selling and lifecycle engagement to deepen primary relationships.

Treasury and Capital Markets delivered resilient performance amid evolving market conditions. Active balance sheet management, disciplined liquidity positioning, and prudent funding strategies supported stable margins and capital strength. Treasury continued to play a key role in optimizing returns, managing interest rate exposure, and supporting the Bank's overall financial resilience.

alinma capital delivered solid operational progress during 2025, strengthening its role as a core contributor to the Group's capital markets and investment activities. The business continued to expand its product offering across asset management, investment banking, and brokerage, supported by disciplined execution and strong governance. Operational focus remained on enhancing client coverage, deepening cross‑selling with the Bank and delivering tailored Shariah‑compliant solutions across public and private markets. Consistent progress in systems, processes, and risk management supported scalability and reinforced alinma capital’s ability to support the Group's long-term strategic objectives.

The strength of execution in 2025 was reflected in the Bank's financial performance. alinma delivered solid full-year results supported by balanced growth, resilient margins, and continued balance sheet strength.

Total operating income

11.9 Bn

Net income for the period

6.4 Bn

For the year, total operating income reached %11.9 billion, driven by growth across both funded and non-funded income streams. Net income after zakat increased to %6.4 billion, reflecting top-line momentum alongside disciplined cost management. The financing portfolio expanded to %229.7 billion, supported by demand across retail, SME, and corporate segments while maintaining a conservative risk profile.

Asset quality remained strong, underpinned by prudent underwriting and proactive portfolio management. Capital and liquidity positions continued to exceed regulatory requirements, providing flexibility to support future growth and absorb potential volatility. These outcomes underscore our commitment to sustainable value creation rather than short-term performance alone.

Customer trust remains the foundation of alinma’s success. In 2025, we continued to enhance customer experience across all touchpoints, supported by digital innovation, improved service models, and a deeper understanding of customer needs.

Across segments, our focus remained on reliability, transparency, and consistency of service. We continued to invest in capabilities that reduce friction, improve clarity, and strengthen confidence in our products and processes. This approach supports long-term relationships rather than transactional growth and reinforces alinma's role as a primary banking partner. As a result of these efforts, Our Net Promoter Score (NPS) for 2025 rose to 73, up from 72 in 2024.

Behind every milestone achieved in 2025 is the commitment and capability of alinma’s people. We continued to invest in talent development, leadership capability, and organizational culture to ensure the Bank is equipped to deliver both current priorities and future ambitions.

We strengthened programs to attract and develop high-potential talent, while reinforcing leadership accountability and succession readiness. Our emphasis on collaboration, performance discipline, and continuous improvement is shaping a culture that supports execution at scale.

Employee engagement and well-being also remained priorities. The result of these combined efforts is reflected in a record High Organizational Health Index (OHI) score of 78, underscoring the strength of our inclusive, supportive environment and the ability of our people to perform at their best, contribute meaningfully, and grow alongside the organization over the long term.

As we enter 2026, alinma does so from a position of strength. Our strategic priorities will see us scale proven initiatives, sharpen execution where it matters most, and invest selectively in capabilities that support sustainable growth.

We remain committed to supporting the Kingdom's economic transformation, strengthening financial inclusion, and serving as a trusted Islamic banking partner to individuals and businesses. Our long-term ambition is unchanged: to build a resilient, innovative, and customer-centric bank that delivers consistent value across cycles.

I would like to thank our customers for their continued trust, our employees for their dedication and professionalism, and our Board of Directors for their guidance and oversight. I also extend my appreciation to our regulators and Stakeholders for their continued support and collaboration

This year, we have demonstrated that disciplined strategy, when matched with strong execution, delivers meaningful and sustainable results. With Strategy 2025 delivered and Strategy 2030 on the horizon, we move forward with confidence, responsibility, and a clear commitment to building enduring value for all those we serve.