alinma Bank was established in 2006 as a full-fledged Shariah-compliant banking services provider. As of December 2024, it had 5.5 million customers across Saudi Arabia. In October 2024, the bank signed a $756 million Murabaha financing agreement with Bahri to partially fund the purchase of nine modern oil tankers. The bank’s net income jumped by 20.5% in 2024 to $1.6 billion.