Alinma Bank (1150)

Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) inked a new bank facility agreement with Alinma Bank at a total value of SAR 135 million. 2P Prefect Presentation obtained the loan on 2 June 2024 and it …

Riyadh – Mubasher: Alinma Bank will disburse cash dividends totalling SAR 621.38 million for 2.48 billion eligible shares for the first quarter (Q1) of 2024. The Saudi lender will distribute a dividend per share of SAR 0.25 after deducting Zakat, …

Riyadh – Mubasher: Alinma Bank reported a 35.55% year-on-year (YoY) surge in net profit to SAR 1.31 billion in the first quarter (Q1) of 2024 from SAR 969.90 million. The earnings per share (EPS) hit SAR 0.64 in Q1-24, up from SAR 0.46 in Q1-23, …

Riyadh – Mubasher: The shareholders of Alinma Bank greenlighted the board’s proposal to increase the capital by SAR 5 billion from the retained earnings by way of granting one share for every four shares. The lender’s extraordinary general meeting …

Riyadh – Mubasher: National Building and Marketing Company has extended a Sharia-aligned bank facilities agreement with Alinma Bank as signed on 16 April 2024. The revolving loan is valued at SAR 85 million and holds a nine-month tenor, according …

Riyadh – Mubasher: Yamama Cement Company has received Sharia-aligned banking facilities over three tranches from Alinma Bank at a total value of SAR 800 million. The largest long-term funding is worth SAR 500 million and holds a duration of 10 …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike of Alinma Bank to SAR 25 billion from SAR 20 billion by granting one bonus share for every four owned shares. The lender will capitalise SAR 5 billion from the …

Riyadh – Mubasher: Alinma Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital certificates. A total of 5,000 certificates were sold at $200,000 for each and an annual yield of 6.50%, according to a bourse …

Riyadh – Mubasher: Alinma Bank is planning to issue USD-denominated Additional Tier 1 Capital Certificates to improve Tier 1 capital and serve general banking purposes. The issuance is expected to be conducted through a special purpose vehicle to …

Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed an agreement with Saudi National Bank (SNB) to settle a SAR 313 million debt. Under the agreement, Amiantit will pay only 50% of the debt, or SAR 156.5 million, by the cash inflows from …

Riyadh – Mubasher: The net profits of Alinma Bank hiked by 34.45% to SAR 4.83 billion in 2023 from SAR 3.59 billion in 2022. The lender registered 29.44% year-on-year (YoY) higher clients’ deposits at SAR 187.90 billion as of 31 December 2023, …

Riyadh – Mubasher: The board members of Alinma Bank recommended a capital increase amounting to SAR 5 billion by granting one share for every four shares, according to a bourse filing. The Saudi lender intends to raise the capital by 25% to SAR 25 …

Riyadh – Mubasher: Alinma Bank generated 28.48% year-on-year (YoY) higher net profits at SAR 3.51 billion in the first nine months (9M) of 2023, compared to SAR 2.73 billion. Earnings per share (EPS) increased to SAR 1.69 in 9M-23 from SAR 1.33 a …

Riyadh – Mubasher: Yalla has signed a number of agreements with key financial companies and institutions, including a memorandum of understanding (MoU) with Alinma Bank and Digital Pay. The deals aligned with Yalla's strategy to launch its …

Riyadh – Mubasher: E-payment services provider OneCard has joined forces with Alinma Bank, listed on the Saudi Exchange (Tadawul), on the sidelines of Seamless Saudi Arabia 2023. The two entities signed a cooperation partnership agreement to …

Riyadh – Mubasher: The board of Alinma Bank approved cash dividends after Zakat amounting to SAR 596.16 million for the second quarter (Q2) of 2023, according to a bourse statement. The Saudi lender will pay out a dividend distribution of SAR 0.30 …

Riyadh – Mubasher: Alinma Bank registered SAR 2.19 billion in net profit during the first half (H1) of 2023, an annual surge of 25.44% from SAR 1.74 billion. The lender posted a 36.43% hike in clients’ deposits to SAR 177.87 billion during the …

Riyadh – Mubasher: Alujain Corporation sold its 98.75% equity in Zain Industries’ shares at a value of SAR 15.20 million, according to a bourse disclosure. The Saudi firm noted that the transaction will reflect on its income statements during the …

Riyadh – Mubasher: The board members of Alinma Bank announced cash dividends after Zakat valued at SAR 498.04 million, equivalent to 2.50% of the capital, for the first quarter (Q1) of 2023. The lender will pay out a dividend worth SAR 0.25 per …

Riyadh – Mubasher: Alinma Bank achieved net profits amounting to SAR 969.90 million in the first quarter (Q1) of 2023, up 17.61% year-on-year (YoY) from SAR 824.70 million. Earnings per share (EPS) hit SAR 0.46 in Q1-23, higher than SAR 0.41 in …

Riyadh – Mubasher: The shareholders of Alinma Bank approved cash dividends after Zakat worth SAR 996.09 million, equivalent to 5% of the capital, for the second half (H2) of 2022. A total of 1.99 billion shares will be eligible for a dividend of …

Cairo – Mubasher: Alinma Investment Company, headquartered in Saudi Arabia's Riyadh, hiked its equity ownership in Rekaz Holding for Investment, formerly known as Port Said Agricultural Development and Contracting, to 7.06% from 4.99%. The Saudi …

Riyadh – Mubasher: Alinma Bank generated SAR 3.59 billion net profits in 2022, higher by 32.84% than SAR 2.70 billion a year earlier. Meanwhile, the earnings per share (EPS) rose to SAR 1.73 last year from SAR 1.31 in 2021, according to the …