The Gulf's 50 Biggest Companies
Thu 21 Apr 2011 09:35 AM
Alinma Bank
39

Alinma Bank

Industry: Banking & Finance

Company: Alinma Bank

Country: Saudi Arabia

Wealth: 4 Billion

After seeing a loss of $20m in the Q1 of 2010, the Sharia-compliant lender announced that its Q1 profits for 2011 were in the region of $18.6m. However, its net profit for the completed 2010 year saw a 93 percent decrease from 2009, with profits totalling a mere $3.9m. Earlier this year, it announced plans to launch an insurance firm with $53m in capital.