Alinma Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
October 15, 2016
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Alinma Bank reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the net profit was SAR 312 million compared to SAR 375 million for the same quarter of the previous year. Total operating income was SAR 829 million, compared to SAR 708 million for the same quarter of the previous year. Net income special commission income and investments was SAR 665 million, compared to SAR 548 million from the same quarter of the previous year.
For the nine months, net profit of SAR 1,112 million as compared to SAR 1,084 million during the corresponding period last year, registering a growth of 2.58%. Earnings per share for the nine months of 2015 rose to 75 halalas, compared to 73 halalas per share earned during the same period of the previous year. Net income special commission income and investments to SAR 1,858 million, compared to SAR 1,708 million from the same period of the previous year.
Alinma Bank SJSC is a Saudi Arabia-based bank, which provides banking services. The Company operates in following segments: Retail banking, which provides financing, deposit and other products, services for individuals; Corporate banking, which includes financing, deposit and other products and services for corporate, Small and medium-sized enterprises (SME) and institutional customers; Treasury, which includes murabahas with banks, investments, and treasury services; Investment and brokerage, which includes asset management, custodianship, advisory, underwriting and brokerage services. The Bank provides a full range of banking and investment services through products and instruments that are in accordance with Shariaâa, its by-Laws. The Companyâs subsidiaries include Alinma Investment Company, Al-Tanweer Real Estate Company, Saudi Fintech Company, Esnad Company, and Alinma SPV Ltd, among others.
ALINMA BANK 
