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Alinma Bank Launches Branches in Riyadh and Al-Mubarraz and Announces Plan to Open More Than 100 Branches within 5 years

Alinma Bank Launches Branches in Riyadh and Al-Mubarraz and Announces Plan to Open More Than 100 Branches within 5 years

18 Safar 1432 H - 22 January 2011 G

As part of its ongoing expansion plan and as part of its effort to provide distinctive, Shariah-compliant services to partners across the Kingdom, Alinma Bank has launched two new standalone branches, one in the city of Riyadh (Naseem branch) and one in the city of Al-Mubarraz (Al-Mubarraz branch).

Mr. Abdulmohsen Al-Fares, Alinma Bank CEO said that “the expansion of the branch network is part of the bank’s strategy to launch more than 100 branches over the course of the next 5 years.” This expansion, said Al-Fares, would “bring Alinma closer to its partners (clients), wherever they are, providing them with integrated banking, financing and investment services that meet their changing needs, delivered by qualified staff using the very latest in banking technology.”

Mr. Al-Fares made particular note of the importance of the Mubarraz branch, pointing to the city’s ongoing economic development and strategic location. He also added that all standalone branches are designed, both internally and externally, to represent the bank’s full identity and to communicate values such as clarity and transparency. He also said that Alinma has a commitment to providing its partners with exemplary Shariah-compliant services that reflect the bank’s dedication to caring for and being attentive to partners’ needs.

Alinma Bank branches continue to spread across all regions of the Kingdom in cities including Riyadh, Dammam, Jeddah, Al-Madinah Al-Munawarah, Ta’if, Khamis Mushayt, Hofuf, Jubail, and Al-Mubarraz. More branches are currently in the final stages of launch preparation in the cities of Riyadh, Dammam, Jeddah, Makkah, Buraidah, Unaizah, Ha’il, Arar, Tabuk, Najran, Ahsa, Abha and Hafr Al-Batin. Additionally, Alinma serves its partners through various 24-hour, electronic channels, such as Alinma Internet (www.alinma.com), Alinma Mobile, Alinma Phone (8001208000), and a kingdom-wide network of more than 205 ATMs.

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