Alinma Bank net profit surges 74% in quarter

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

News

Work in full swing at Alinma Bank's new headquarters

01/09/2025

Saudi Arabian Construction Company (SACC) has announced that work is in full swing at the new headquarters of leading Saudi financial institution Alinma Bank coming up in capital Riyadh.

S

Trade Arabia

Alinma launches latest branch in Hafer Al-Batin

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

Alinma stresses critical role of seminars in addressing contemporary

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

Most Viewed Companies

Ticker Price Volume

Valuation

ALINMA Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALRAJHI 96.00 0.15 (0.15%)
SNB 37.22 0.60 (1.63%)
RIBL 25.84 0.12 (0.46%)
SAB 30.80 0.34 (1.11%)
ANB 22.04 -0.13 (-0.59%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap