Two Alinma Bank Awards in Islamic Business and Finance

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Inma Bank recently won two of the 2016 Islamic Business & Finance Awards for its financing of the Alinma Jeddah Economic Fund, winning the “Best Financial Structure” and “Best Capital Structure” awards.

Alinma Bank, since its establishment, has always endeavored to support every activity that contributes to the development of the national economy in this country. <The CEO of Alinma Bank, Abdulmohsen bin Abdulaziz Al-Fares, emphasized that Alinma Bank since its establishment has always sought to support every activity that contributes to the development of the national economy in this country, noting that Alinma Bank has financed many infrastructure projects, whether in energy, water or health, in addition to industrial and commercial projects, housing projects and housing finance, as the bank has the ability to actively contribute to financing and business development activities in the Kingdom, including the Jeddah Economic City project, which will have a significant economic impact in the city of Jeddah in particular and the Kingdom as a whole.

Jeddah Economic Company is the owner and developer of the Jeddah Economic City project and Jeddah Tower in the North Abhar area, in partnership with Alinma Investment, a Saudi closed joint stock company owned by Alinma Bank, through an agreement under which a real estate investment fund worth SR 8.4 billion was established and fully subscribed under the name "Alinma Jeddah Economic Fund".

It is worth mentioning that Jeddah Economic Company is the owner and developer of the Jeddah Economic City project and Jeddah Tower in North Abhar area.