Annual Report 2018 The Custodian of the Two Holy Mosques

H.E. Dr.Hamad Suliman Al-Bazai 
Member
Mr.Abdulmohsen Abdulaziz Al-Fares
Managing Director & CEO 
H.E. Engr.
Abdulaziz Abdulla Al-Zamil
Chairman
Mr.Saad Ali Al-Kathiry
Member
Dr.Saad Attiah Al-Ghamdi
Deputy Chairman
Mr.Mohammed sulaiman Abanumi
Member
Engr.Mutlaq Hamad Al-Morished
Member
Mr.Khalid Mohammed Al-Aboodi
Member
Mr.Abdulmohsen Abdulaziz Al-Hussain
Member

---

16
Annual
Report
Message from 
the Chairman 
of the Board of 
Directors
It is my pleasure to present to you, on behalf of  myself 
and my colleagues on the Board of Directors of  Alinma 
Bank, the annual report for the fiscal year that  ended 
on December 31, 2018. The report highlights the  results 
of the key activities of the bank, operational results, 
and financial statements for the past year.
At the outset, I would like to note the pride I have 
for the achievements and results accomplished 
 during 2018; and I commend the efforts exerted and 
 successes achieved, through which we managed to 
 strengthen the bank’s financial position despite  
 intense  competition and challenges facing  national, 
regional and  international economies. We affirm our 
 determination to continue this effort in order to  provide 
the very best Shariah-compliant products and services. 
In 2018, Alinma Bank achieved positive, record 
 financial and operational results:
•  Alinma’s net profit amounted to SAR 2,517 million, 
compared to SAR 2,011 million in 2017, an increase 
of 25%.
•  The bank’s assets increased during 2018 by more 
than 6 thousand million riyals and reached SAR 
121 billion.
•  The total operating profit during 2018 amounted 
to SAR 4,845 million, an increase of 11%.
•  The financing portfolio and deposit portfolio at the 
end of 2018 amounted to SAR 83.7 billion and SAR 
90 billion respectively, which represent new record 
figures in the history of the bank.

---

17
Annual Report 2018
I would like to take this opportunity to extend my 
thanks and appreciation to my colleagues on the 
Board of Directors, the Managing Director/CEO, and 
all Alinma staff members, for their efforts and hard 
work this year and across previous years.
  
I would like to extend my thanks and gratitude to the 
Custodian of the Two Holy Mosques, King  Salman 
Ibn Abdulaziz Al Saud; and HRH the Crown Prince, 
 Deputy Prime Minister, and Minister of Defense, 
Prince  Mohammed Ibn Salman Ibn Abdulaziz Al Saud, 
for their continued support of the  development of the 
kingdom and the building of its economy,  including 
supporting and strengthening the  banking sector, 
which is a cornerstone of our national economy. I 
would also like to thank the Ministry of Finance, the 
 Ministry of Commerce and Investment, the Saudi 
 Arabian Monetary Authority, the Capital Market 
 Authority, and other related government  authorities 
for their support of the Saudi banking sector, in 
 particular, and the national economy, in general. 
My thanks and  appreciation are extended to  Alinma 
 partners for their trust in Alinma Bank. We will 
 continue to strive on their behalf for ever greater 
achievement.