Prince Abdullah Ibn Abdulaziz Ibn Musa’ad Al Saud to Launch Alinma Bank Operations in the Northern Borders Region

His Highness, Prince Abdullah Ibn Abdulaziz Ibn Musa’ad Al Saud will inaugurate Alinma Bank’s launch of operations in the Northern Borders Region of Saudi Arabia this Tuesday, February 28, 2012 at the Alinma Bank branch in the city of Ar’ar.

In a statement, Mr. Abdulmohsin Al-Fares, the CEO of Alinma Bank, expressed his appreciation of HH Prince Abdullah’s patronage of the event. "All of us at Alinma Bank extend our sincere thanks to HH Prince Abdullah Ibn Abdulaziz Ibn Musa’ad Al Saud for his generous patronage of our launch of operations in the Northern Borders Region,” said Al-Fares. “This is another important milestone in the ongoing development of the bank, and the success of this launch should motivate all employees to redouble their efforts in providing the very best banking services to bank partners (clients) and to making a positive contribution to the development of the Kingdom's economy, which has seen positive growth under the leadership of the government of King Abdullah and HRH the Crown Prince."

Alinma Bank has contributed to the creation of more than 1400 direct jobs and more than 7000 indirect jobs for qualified Saudi men and women. The bank has also contributed to financing and supporting many infrastructure projects and home ownership for citizens through various Shariah-compliant lending methods, including Murabaha and Ijara.

Mr. Al-Fares noted that it was part of the bank’s strategy to reach out to all regions of the Kingdom and that Alinma values its partners and potential partners, wherever they may be, including the Northern Borders Region. He went on to explain that by launching operations in the various regions of the Kingdom, Alinma would be better positioned to deliver its services and bring to fruition its vision of becoming the preferred financial partner for all.

It is worth mentioning that Alinma Bank provides its Shariah-compliant banking services and solutions through a network of 72 branches for both men and ladies. The bank also serves its partners through a broad range of 24-7 electronic services such as Alinma Internet (, Alinma Mobile, Alinma Phone (8001208000) and a kingdom-wide network of more than 425 ATMs.