Annual Report 2018 The Custodian of the Two Holy Mosques

Abdulmohsen Bin Abdulaziz Al-Fares 
Managing Director/CEO

---

20
Key
Accomplishments
of 2018

---

21
Annual Report 2018
Alinma Bank … Development and Construction  
Alinma Bank achieved rapid growth in 2018, adding numerous new partners to the Alinma Bank family, who were 
served through a total of 163 branches and 1485 ATMs by the end of the year.  The bank also saw a significant 
increase in the number of transactions executed through its self-service banking channels.
In support of government efforts to develop the financial sector, and in support of Vision 2030 objectives, particularly 
the drive towards a cashless economy, Alinma Bank launched a number of key digital services, such as mada Pay 
and mada E-Trading for Alinma cardholders. Additionally, Alinma launched small denomination ATMs, coin deposit 
machines, and self-service ATM card issuance and renewal through Alinma ATMs.   The bank also launched its multi-
currency Traveler Card and its first 24/7 digital branch.
Also in line with Vision 2030, and to encourage and enable financial planning, Alinma Bank partnered with the Social 
Development Bank to launch the Zoad savings program. Along the same lines, the bank developed its own savings 
account and introduced new savings packages that meet the needs of various partner segments.
In order to facilitate affordable home ownership, Alinma launched a number of financing solutions that include 
flexible and innovative terms and conditions that address needs of specific segments of society such as on-the-job 
military personnel.
Other Vision 2030 objectives were also addressed in 2018, with a special focus on supporting the growth of the private 
sector, and small and medium-sized enterprises (SMEs) in particular.  To this end, Alinma continued its support of 
the Kafalah program and the Miras initiative. The bank’s commitment to SMEs was reflected in the growth of new 
SME partners, which increased by 144% in 2018, and by the close of fiscal year, Alinma’s Corporate Banking Group 
had increased its SME financing portfolio by more than SAR 2.5 billion.
In addition, a number of other exemplary products and services were launched in 2018, including the Alinma Express 
transfer service, Western Union international cash transfers, syndicated financing, investment property financing, 
and debt purchasing and refinancing services.