THE MIDDLE EAST’S

31. alinma Bank

Country: Saudi Arabia
Sector: Banks & Financial Services
Managing Director & CEO: Abdullah Ali AlKhalifa
Market Value: $18.99 billion

Founded in 2006, alinma Bank is a Shariah-compliant commercial bank. As of 2025, it served 6.5 million customers through a network of 127 branches. In September 2025, it partnered with Arabian Shield Insurance to offer insurance solutions across its retail and SME channels. In January 2026, the Bank’s board proposed a 20% capital increase to $8 billion through bonus shares. Total assets stood at $83 billion at the end of 2025. Saudi sovereign wealth fund, PIF, owns 10% of the bank.