Saudi Arabia's Alinma Bank Names CEO AlKhalifa as Managing Director Following SAMA Approval

Alinma Bank announced on 24 April 2025 that its Chief Executive Officer, Abdullah Ali AlKhalifa, had been appointed Managing Director of the bank's Board of Directors following non-objection from the Saudi Central Bank (SAMA) and election at the bank's Ordinary General Assembly. The combined role takes effect from the start of the new board term, which runs from 21 May 2025 to 20 May 2028.

With the appointment, AlKhalifa holds both the chief executive role and the Managing Director position on the board. AlKhalifa has led Alinma as chief executive since January 2021.

ALKHALIFA'S PATH FROM BANQUE SAUDI FRANSI

Before joining Alinma Bank, AlKhalifa served as Chief Financial Officer at Banque Saudi Fransi.

His appointment as Managing Director comes after more than four years as chief executive.

SAMA's non-objection is a required step in the appointment process for senior positions at Saudi-regulated financial institutions.

The Ordinary General Assembly of Alinma Bank elected the board for the new term.

ABOUT ALINMA BANK

Alinma Bank operates as a full-service Islamic bank in Saudi Arabia, offering retail, corporate, and investment banking services in compliance with Sharia principles. The bank is publicly listed on the Saudi Exchange.