HRH Prince Salman Ibn Abdulaziz Al Saud to Attend Opening Ceremony Officially Launching Alinma Bank

HRH Prince Salman Ibn Abdulaziz Al Saud, Governor of the Riyadh region of Saudi Arabia, will be the guest of honor next Sunday, March 6, 2011, at the opening ceremony for Alinma Bank in Riyadh. The event marks the official launch of the bank’s full operations at its branches across the Kingdom.

Speaking about the upcoming event, Mr. Abdulmohsen Al-Fares, the CEO of Alinma Bank, thanked Prince Salman for kindly agreeing to attend, noting that his presence would be an honor for the bank and its employees. He also said that Prince Salman’s support of the event was indicative of the unlimited support received by the banking sector from Prince Salman and the leadership of the Kingdom.

Mr. Al-Fares added that Prince Salman’s attendance would bolster moral amongst Alinma’s staff and would spur them, and the bank as a whole, to exert every effort to continue executing the bank’s mission to serve Saudi Arabia, its citizens and residents, by providing the very best, Shariah-compliant financial services throughout the Kingdom through all branches and channels of contact.

It is worth mentioning that Alinma Bank passed the financial breakeven point during its first operational year (2010). Additionally, the bank provides its partners with a range of electronic services that allow them to access their accounts and execute banking transactions around-the-clock. These services include Alinma Internet (, Alinma Mobile, Alinma Phone (8001208000) and Alinma’s kingdom-wide network of 222 ATMs. Alinma also boasts a branch network of 40 locations throughout Saudi Arabia.