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17/10/2017 07:20 AST
Alinma Bank has announced the achievement of a net profit of SR542 million during the third quarter of 2017. This represents an improvement over the SR312 million net profit earned for the same period of the previous year, an increase of 74%. It also showed an increase of 11% over the SR488 million earned during the second quarter of 2017.
Speaking about the financial results, Abdulmohsen Al-Fares, CEO of Alinma Bank, said the results represented considerable growth in all major banking activities.
Assets rose to SR111.4 billion as of Sept. 30, 2017 compared to SR102.9 billion as of same period of the previous year, an increase of 8%.
Net income for the nine months stood at SR1,451 million, compared to SR1,112 million for the same period of the previous year, an increase of 30%.
The financing portfolio amounted to SR77.8 billion as of Sept. 30, 2017, compared to SR69.3 billion as on the same period of the previous year, an increase of 12%.
Customer deposits amounted to SR87.2 billion, compared to SR77.3 billion as on the same period of the previous year, an increase of 13%.
Earnings per share during the nine-month period of 2017 rose to 97 halalas, compared to 75 halalas for the same period of the previous year.
Al-Fares noted that Alinma Bank maintained its growth pace and offers a comprehensive array of products and services to both its retail and corporate partners.
Saudi Gazette
04/01/2018
AS part of its ongoing expansion, and in an effort to ensure that it can adequately delivery its exemplary, Shariah-compliant products and services to individuals across the Kingdom, Alinma Bank rece
Saudi Gazette
22/11/2017
ALINMA Bank, in cooperation with Alinma Investment Company, recently sponsored and organized a seminar for the discussion of Shariah issues related to the practice of short-selling securities. The ev
Saudi Gazette
15/10/2017
Alinma Bank has announced the achievement of a net profit of SR542 million during the third quarter of 2017. This represents an improvement over the SR312 million net profit earned for the same perio
GulfBase
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16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
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Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
16/07/2025
Woqod - which has exclusive concession in Qatar to distribute, sell, transport and market refined petroleum products and gas to airports and seaports - has reported net profit of QR460mn, translating
Gulf Times
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