Alinma Bank JSC (Saudi Arabia)

Alinma Bank is a Saudi joint stock company formed in accordance with Royal Decree No. 15 on 28/3/2006 and Ministerial Resolution No. 42 on 27/3/2007. Alinma Bank bylaws were derived from guidelines set forth in Royal Decree. Alinma Bank conforms to standards and practices related to the monitoring of banking institutions and apply other relevant regulations established in the Kingdom of Saudi Arabia. Alinma Bank is a Riyadh-based bank specializing in banking and investment. It also deals with stocks and bonds, establishing and managing warehouses, providing consultancy services and managing investment units and funds. Alinma Bank recently launched an IPO, selling 70% of its shares to the public to be traded on the Saudi stock exchange starting June 3, 2008. The Bank offers its products and services to individual and corporate customers through its Retail Services and Corporate Services divisions.