Alinma Bank (1150) Status update summary

Strategic achievements and transformation

• Achieved over 30% CAGR in net income and more than doubled ROE during the 2021–2025 strategy period.

• Revenue more than doubled from SAR 4.1bn (2020) to SAR 8.7bn (2025), with profits tripling to SAR 4.7bn.

• Customer deposits and assets nearly doubled, with CASA increasing 1.8 times.

• Digital transformation led to 76% digitally active customers and 30% of credit card/personal finance sales via digital channels.

• ESG progress included 100% increase in sustainable financing, 65% rise in female workforce, and MSCI ESG rating upgrade to A.

2030 strategy and vision

• New plan targets innovation, customer centricity, profitability, and differentiation, leveraging AI.

• Aspires to be the most customer-centric and innovative bank, with seamless AI-powered journeys and scalable AI-based operating model.

• Plans to introduce over 100 AI use cases, aiming for SAR 600m–1bn bottom-line impact over five years, with 65% from revenue uplift.

• Focus on expanding core business and building new ventures, including premium multi-asset financing and bancassurance.

• Strategic priorities include strengthening core business, expanding into adjacent areas, and becoming the primary financial partner for stakeholders.

Business line performance and future focus

• Retail and private banking doubled customer base and assets, with 80% liability growth; next phase emphasizes AI-driven engagement and wealth advisory.

• Corporate banking saw 2x asset growth, 8x liability growth, and 18x mid-corporate financing; SME financing tripled.

• Treasury achieved 70% asset growth and 80% yield increase, with diversified funding through Sukuk and CDs.

• Digital onboarding reached 95% of new customers, with high NPS scores for digital channels.

• Landmark Capital achieved 40% asset management revenue growth and aims for leading wealth advisory and AI-powered decision-making.