Chairman's Statement

The conclusion of alinma’s five-year strategy cycle marks a defining institutional milestone. Over this period, the Board oversaw a disciplined transformation agenda focused on strengthening resilience, sharpening execution, and building a scalable platform for long-term value creation. The strategy was pursued with clear priorities and strong governance, ensuring that ambition was matched by operational discipline, prudent risk management, and consistent delivery across economic cycles.

The strategy cycle delivered measurable improvements across customer engagement, digital adoption,operational execution, and organizational health. Digital customer experience strengthened materially, with the Bank’s mobile application ranked highest among all banks in KSA in 2024 and 2025. Digital adoption deepened across the franchise, with digitally active customers rising to 76% and mobile-based financial transactions increasing to 86%.Product origination shifted structurally toward digital channels; over 30% of credit cards and personal finance originated digitally from a zero baseline in 2020, supported by the expansion of straight-through processing across multiple product journeys.

Operationally and institutionally, the Bank exits the strategy cycle with stronger execution capacity and organizational resilience. Automation and straight-through processing capabilities were embedded across core journeys, improving speed, consistency, and control. Data and advanced analytics translated into tangible outcomes, with 10 live AI use cases enhancing both customer experience and internal efficiency. Organizational health improved meaningfully, with the OHI score reaching 78 in 2025, reflecting a 14-point increase since 2021 and signaling stronger leadership, accountability, and a performance culture. Collectively, these non-financial outcomes position the Bank to scale growth with higher operational discipline, customer-centricity, and execution confidence in the next strategic phase.

Building on the successful delivery of the previous strategy, the Board approved a new strategic direction designed to guide alinma through its next phase of growth. Strategy 2030 reflects a deliberate evolution rather than a reset, building on proven strengths while addressing emerging opportunities and structural shifts in the financial sector.

The strategy is fully aligned with Saudi Vision 2030 and emphasizes alinma's role as a leading domestic bank with selective expansion into new value pools. It prioritizes customer primacy, disciplined growth, operational excellence, and the responsible application of advanced technologies, including artificial intelligence.

From the Board's perspective, Strategy 2030 provides a well-defined framework for sustained performance. It balances ambition with prudence, innovation with governance, and growth with resilience, ensuring alinma remains well positioned to create long-term value for Shareholders and Stakeholders alike.

During 2025, alinma delivered meaningful progress across its strategic agenda. The Bank strengthened its market positioning through initiatives that enhanced customer experience, brand equity, and institutional credibility. These efforts were supported by a refreshed corporate identity that reinforced alinma's purpose and strategic direction.

Progress achieved during the year was reflected in improved operating momentum and growing Stakeholder confidence. The Board views this as confirmation that the Bank's strategic priorities are well calibrated to market needs and national objectives. This progress was further validated through multiple local and international awards spanning retail banking, digital innovation, organizational excellence, and corporate responsibility. Such recognition provides independent affirmation of alinma's execution capabilities and strategic relevance.

Strategic partnerships continued to play an important role in extending alinma's capabilities and reach. Over the year, the Bank entered into collaborations designed to enhance innovation, strengthen ecosystem connectivity, and support priority growth areas.

These partnerships were approached selectively and with discipline. The Board emphasized alignment with long-term strategic objectives, ensuring that each collaboration contributed to sustainable value creation rather than short-term visibility.

In parallel, targeted investments supported capability development across technology, talent, and infrastructure. These actions strengthened alinma's ability to adopt, scale, and compete effectively in an increasingly interconnected financial environment.

alinma's financial performance in 2025 reflects the strength of its operating model and the disciplined execution of its strategy. Total operating income reached %11,905 million, supported by balanced contributions across core business lines and continued growth in non-funded income.

Net income after zakat amounted to %6,397 million, underpinned by effective cost management and a prudent risk profile. Returns on equity and assets remained resilient, demonstrating the Bank's ability to generate sustainable profitability while navigating external volatility.

The balance sheet continued to strengthen, with total assets reaching %311.1 billion and customer deposits totaling %227.4 billion. Capital adequacy and liquidity ratios remained well above regulatory requirements, reinforcing the Board's confidence in alinma's financial resilience and capacity to support future growth.

Artificial intelligence represents a core strategic priority for alinma, and 2025 marked a year of significant advances in this area. The Board oversaw the establishment of a robust AI governance framework to ensure responsible deployment, data integrity, and regulatory alignment.

Investments focused on building scalable enterprise-grade capabilities rather than isolated use cases. AI was progressively embedded across customer engagement, risk management, operational efficiency, and decision support, enhancing productivity and insight quality.

From a Board perspective, these initiatives position alinma to harness AI as a long-term competitive advantage. The emphasis remains on measurable impact, ethical application, and strong oversight, ensuring innovation supports sustainable financial outcomes.

Strong governance underpins alinma's stability and credibility. During 2025, the Board further enhanced oversight frameworks, risk management practices, and internal control systems across the organization.

Progress was made in areas including regulatory compliance, cybersecurity, operational resilience, and enterprise risk management. These efforts were supported by advanced governance tools and alignment with international best practices.

The Board also continued to evolve its own effectiveness through ongoing evaluation, skills development, and committee oversight. This ensured that governance structures remain fit for purpose as the Bank's scale and complexity continue to grow.

Sustainability remains embedded within alinma's strategic and governance frameworks. In 2025, the Board delivered tangible progress across environmental, social, and governance priorities, supported by clearer targets and enhanced transparency.

Environmental initiatives advanced alongside responsible financing activities and workforce inclusion efforts. The completion of a multi-year sustainability strategy cycle provided a strong platform for the next phase of progress.

The Board views sustainability not as a parallel agenda, but as a core driver of long-term resilience, Stakeholder trust, and financial performance.

Looking ahead, the Board remains confident in alinma's strategic readiness. The focus for 2026 will center on executing Strategy 2030 with discipline, scaling innovation responsibly, and deepening customer relationships.

Maintaining strong financial fundamentals, robust governance, and prudent risk management will remain central priorities. The Board will continue to support management, while ensuring accountability and long-term alignment.

These priorities position alinma to navigate future challenges with confidence and to continue delivering sustainable value.

I extend my deepest gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for their continued leadership and unwavering support of the Kingdom's financial sector.

On behalf of alinma, I also express sincere appreciation to the Ministry of Finance, the Ministry of Commerce, the Saudi Central Bank, the Capital Market Authority, and all regulatory bodies for their guidance and partnership.

Finally, I thank my fellow Board members, the Executive Management team, and all alinma employees for their dedication and professionalism. Their collective efforts have been central to the Bank's progress and to positioning alinma for continued success.