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Alinma eases pressure on Riyadh: the arrival of a new Islamic finance institution in the Saudi banking sector will help to ensure that projects struggling to secure funding receive the backing they need.(ALINMA BANK)
MEED Middle East Economic Digest; Feb 20, 2009; ; 700+ Words ...unlike a lot of banks," says one regional...banker. However, Alinma is still in the...By 2010, the bank aims to have about...finance. "Each bank has its own sharia...group of Islamic banks together on a deal...Another issue Alinma faces is that by...source close to the bank ...
Creating a regional giant: the launch of Alinma Bank is raising concern over the shortage of qualified staff in the financial services sector and the government's strategy for wealth redistribution.(ALINMA BANK)
MEED Middle East Economic Digest; May 23, 2008; ; 700+ Words ...they helped create the biggest bank in the region by capital base...SR15bn, although several other banks in the kingdom subsequently raised new capital to match Alinma. However, the new bank still needs to recruit staff...performance. The creation of Alinma draws attention to two of the...
Alinma Bank to set up USD 267m investment arm.
ADP News Middle East & Africa; Jan 12, 2009; 594 Words ...interest. Al-Zamil denied speculations that Alinma Bank intends to merge with other banks or is seeking to acquire smaller banks. Speaking at the press conference, Alinma Bank CEO, Abdul Mohsen al-Faris, said that the...
Alinma Bank set for launch in 2nd quarter.
Arab News (Jeddah, Saudi Arabia); Jan 12, 2009; 700+ Words ...are being made by Alinma Bank for its launch by...he said that the bank had diversified its...Al-Fares said Alinma owns 21 independent...and seminars. The bank expects that some...Al-Awadh said. Alinma Bank is a Saudi joint...
Alinma Bank gets ready to go live.
CPI Financial; Apr 1, 2009; 642 Words ...net (Staff Writer) Alinma Bank is reported to be preparing...according to reports. "Alinma Bank has begun a series...Abdulmohsen Al Fares said the bank's branches will be located...components as well linking Alinma's overall system with...
Alinma adds to sector's woes.(BANKING)(Brief article)
MEED Middle East Economic Digest; May 23, 2008; 700+ Words ...the prospect of competing with Alinma Bank, the new state-owned bank that was recently floated on...Tadawul). The kingdom's banks are already having to cope with...the rising cost of funding. Alinma will make both situations worse...
Alinma opens first 9 branches.
Arab News (Jeddah, Saudi Arabia); Jul 5, 2009; 630 Words ...Byline: Ghazanfar Ali Khan RIYADH: Alinma Bank, a joint stock company with a capital...Abdulmohsen Al-Fares, CEO of Alinma Bank, said, "We were pleased to...customers. Al-Fares said that Alinma's branch office locations were...
Saudi Alinma plans credit card deal.
TradeArabia (Manama, Bahrain); Jun 6, 2009; 700+ Words ...million, Saudi central bank data shows. Saudi banks usually require new account...them with credit cards. Alinma has appointed Visa...issue the cards. The new bank hopes the credit card...affiliate, the SABB bank. 'Saudi is a very competitive...States,' he said. Alinma will be ...
Alinma Bank announces board changes.
ADP News Middle East & Africa; Jun 17, 2009; 475 Words (ADPnews) - Jun 17, 2009 - Alinma Bank (SAU:1150), a Saudi-based provider of Sharia...succeeded Adel al-Zaid who resigned from the board. Alinma Bank (www.alinma.com) is primarily engaged in the provision of...
Alinma Bank opens first branches.
TradeArabia (Manama, Bahrain); Jul 4, 2009; 700+ Words ...Riyadh Saudi-based Alinma Bank on Saturday opened...Jeddah and Taif, the bank said, adding that it...compliant services. Alinma will be competing with 11 Saudi banks and several foreign banks, including National Bank of Kuwait and France...shares 30 percent of Alinma's ...
Alinma mulls Saudi funding opportunities.
TradeArabia (Manama, Bahrain); Jul 11, 2009; 407 Words ...number of projects that Alinma Bank contributed to and...a financial hub for banks, the stock exchange...regulatory authority. Alinma is leading a consortium of banks to fund the Rabigh...reiterated that the bank wanted to open 15 branches...
Saudi Arabia's Alinma Bank completes IPO.
Global Banking News (GBN); Apr 21, 2008; 424 Words ...percent more than that sought by the bank, Alinma and its IPO arranger Samba Financial...equivalent to 70 percent of the bank's share capital. 'The number...the total share offering,' the banks said. Alinma, which is yet to start business...
Alinma Bank Announces Results After eight Days of IPO
Al Bawaba; Apr 16, 2008; 286 Words Alinma Bank Announces Results After eight Days of IPO In a joint statement, Sambacapital and Alinma Bank announced today statistics related...ongoing initial public offering (IPO) of Alinma Bank shares. After eight days, the number...
Alinma Bank Announces Results After eight Days of IPO.
Albawaba.com; Apr 16, 2008; 452 Words Alinma Bank Announces Results After eight Days of IPO In a joint statement, Sambacapital and Alinma Bank announced today statistics related...ongoing initial public offering (IPO) of Alinma Bank shares. After eight days, the number...
STS wins a contract for Saudi Alinma Bank.
The Star (Amman, Jordan); May 18, 2009; 700+ Words ...implement a web portal for Alinma Bank, one of the largest and prominent banks in the Arab region...partnership between Alinma Bank and STS, along with...Islamic economic laws. Alinma Bank is one of the largest banks in the Arab region in...
Saudi's Alinma Bank reports Q1 results.
Global Banking News (GBN); Apr 14, 2009; 450 Words ...News-14 April 2009-Saudi's Alinma Bank reports Q1 results(C)2009 ENPublishing...www.enpublishing.co.uk Alinma Bank, Saudi Arabia's new Islamic...statement to the Saudi stock exchange, Alinma said that it was prepared to start...
Alinma bank reports results.
Global Banking News (GBN); Jan 13, 2009; 347 Words Global Banking News-13 January 2009-Alinma bank reports results(C)2009 ENPublishing - http...http://www.enpublishing.co.uk Saudi Arabia's Alinma Bank (SASE: 1150) has said that the bank has realised a...
Kuwait: Alinma lifts Saudi, Oman extends rally.
TendersInfo; Jun 6, 2008; 700+ Words ...Wednesday. Saudi Arabia Shares of Alinma Bank closed almost 10 percent...day gain in three weeks. Alinma closed 9.38 percent up...Arab African International Bank on a possible merger had ended...Cairo. Executives at both banks could not be immediately reached...investors were buying shares ...
Saudi Arabia: Alinma Bank set for launch in 2nd quarter.
TendersInfo; Jan 13, 2009; 461 Words ...Final preparations are being made by Alinma Bank for its launch by the end of the...of the board of directors of the bank told newsmen here yesterday . At...Fares, chief executive officer of Alinma Bank and Mohammed Al-Awadh, its...
Alinma bank nets $104m in first 7 months.
TradeArabia (Manama, Bahrain); Jan 10, 2009; 434 Words Byline: Riyadh Saudi Arabia's Alinma Bank said on Saturday it realised a net profit of SR390 million ($104 million) in its first seven months of operation. The Islamic...
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