Please wait...
GulfBase Live Support
- Southern Province, Yanbu Cement extend key merger talks
- Burgan Bank appoints Al-Roomi as Deputy General Manager
- NBK 'first bank to launch automated safe deposit boxes' for customers
- Zain Omantel International takes home four major industry awards
- Income Tax key step for revenue diversification: Economy Minister
- Qatar Stock Exchange index soars to new heights amid regional tensions
- Dollar falls against other currencies
- UAE FinTech market likely to grow from $3.16 billion in 2024 to $5.71 billion by 2029
- Al Mal Capital REIT announces follow-on public offering
- Saudi Arabia's Non-Oil Industrial Sector Grows 5.3% in 2024
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
| Ticker | Price | Volume |
|---|
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia