Established in 2006, Alinma Bank’s total assets recorded $53.4 billion in 2022, an increase of 15.5% compared to 2021, while its net income grew 32.8% to $959.8 million. By the end of 2022, Alinma was serving 3.93 million customers in Saudi Arabia. In February 2023, the bank’s board of directors approved the purchase of a maximum of five million of its shares to allocate them within the Employee Stock Long-Term Incentive Plan. Saudi’s Public Investment Fund is the bank’s largest shareholder, with a 10% stake.