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# Alinma Bank Reports FY2024 Net Profit of SAR 5.83 Billion, Up 20.5%, as Total Assets Grow to SAR 276.8 Billion
- URL: https://www.theglobalbanker.com/alinma-bank-fy2024-net-profit-sar-5-83-billion-up-20-5-percent-assets-276-billion/
- Published: 2025-01-29T15:38:00.000Z
- Updated: 2026-10-02T13:45:50.000Z
- Description: Alinma Bank posted FY2024 net profit of SAR 5.83bn, up 20.5% year-on-year, as total assets grew 17% to SAR 276.8bn and customer deposits rose 12.1% to SAR 210.5bn.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

Alinma Bank reported a full-year 2024 net profit of SAR 5.83 billion, equivalent to approximately 1.55 billion US dollars, in results announced on 29 January 2025\. Net profit rose 20.5% year-on-year. 

Alinma operates exclusively under Islamic banking principles, offering Murabaha, Ijara, and other Sharia-compliant products across its retail and corporate franchises.

#### BALANCE SHEET

Total assets grew 17% year-on-year to SAR 276.8 billion at 31 December 2024\. The Sharia-compliant financing portfolio expanded 16.5% over the year.

Customer deposits grew 12.1% to SAR 210.5 billion. 

#### PROFITABILITY RATIOS

Return on equity for the full year came in at 18.8%. Return on assets was 2.27%. 

Management attributed the 20.5% profit increase to expansion in core banking activities.