Alinma Bank

1150

SA122050HV19

Banks

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
32.55 ^SAR	-1.06%		-3.36%	+5.27%

Apr. 25	Fitch Keeps Alinma Bank's Ratings on Improved Profitability, Sound Asset-Quality Metrics	MT
Apr. 24	Saudi Exchange Sets Fluctuation Limits for Alinma Bank’s Capital Increase	MT

Alinma Bank Reports Earnings Results for the Full Year Ended December 31, 2023

February 06, 2024

Alinma Bank reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was SAR 7,655 million compared to SAR 6,066 million a year ago. Net income was SAR 4,839 million compared to SAR 3,599 million a year ago.

Latest news about Alinma Bank

Fitch Keeps Alinma Bank's Ratings on Improved Profitability, Sound Asset-Quality Metrics	Apr. 25	MT
Saudi Exchange Sets Fluctuation Limits for Alinma Bank’s Capital Increase	Apr. 24	MT
Saudi Exchange Adjusts Single Stock Option, Futures of Alinma Bank	Apr. 24	MT
Morgan Stanley: Saudi Banks’ Liquidity Pressures Ease on Back of Strong Deposit Mix in February	Apr. 04	MT
Saudi's Yamama Cement Secures SAR800 Million Banking Facilities	Mar. 27	MT
Saudi Regulator Approves Alinma Bank’s Capital Increase	Mar. 26	MT
Bonyan REIT Fund Secures SAR500 Million Shariah-compliant Financing Facility	Mar. 21	MT
Saudi Exchange Company to Launch Single Stock Option Deals on Alinma Bank	Mar. 21	MT
Transcript : Alinma Bank, Q4 2023 Earnings Call, Feb 07, 2024	Feb. 07
Alinma Bank Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 06	CI
Alinma Bank Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 06	CI
Alinma Bank completed the acquisition of an additional 5.75% stake in Arabian Shield Cooperative Insurance Company from Tokio Marine & Nichido Fire Insurance Co., Ltd. for SAR 81 million.	Feb. 04	CI
Alinma Bank agreed to acquire additional 5.75% stake in Arabian Shield Cooperative Insurance Company from Tokio Marine & Nichido Fire Insurance Co., Ltd.	Jan. 15	CI
Transcript : Alinma Bank, Q3 2023 Earnings Call, Nov 01, 2023	Nov. 01
Arabian Shield Cooperative Insurance Company completed the acquisition of Alinma Tokio Marine Company from Tokio Marine & Nichido Fire Insurance Co., Ltd., Alinma Bank and others.	23-10-25	CI
Alinma Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
Transcript : Alinma Bank, Q2 2023 Earnings Call, Jul 27, 2023	23-07-27
Alinma Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
Transcript : Alinma Bank, Q1 2023 Earnings Call, May 10, 2023	23-05-10
Alinma Bank Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-09	CI
Transcript : Alinma Bank, Q4 2022 Earnings Call, Feb 09, 2023	23-02-09
Alinma Bank Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-01	CI
Alinma Bank's Board intends to launch an Equity Buyback.	23-02-01	CI
Saudi Real Estate Refinance Company completed the acquisition of Property financing portfolio from Alinma Bank	22-12-30	CI
Alinma Bank Recommends to Distribute Cash Dividend for the Second Half of 2022	22-12-20	CI

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Company Profile

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.

Sector

Banks

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Ratings for Alinma Bank

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

32.55 SAR

Average target price

35.23 SAR

Spread / Average Target

+8.23%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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ALINMA BANK	+5.27%	21.7B
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QATAR INTERNATIONAL ISLAMIC BANK (Q.P.S.C)	-4.58%	4.24B

Islamic Banks

Alinma Bank

Equities

1150

SA122050HV19

Banks

Alinma Bank Reports Earnings Results for the Full Year Ended December 31, 2023

EPS Revisions