Saudi Alinma Bank to Start Operations Saturday - Report |
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Saturday, Jul 04, 2009
BEIRUT (Zawya Dow Jones)--Saudi Arabia's Alinma BankAlinma Bank
, also known as Development BankDevelopment Bank, will Saturday launch its operations in the kingdom by opening a number of branches out of a total of 15 branches, Riyadh-based Al Jazirah daily reports Saturday.
The remaining branches will be opened in the coming two weeks, the paper reports.
Shariah-compliant Alinma BankAlinma Bank plans to launch a large number of services and significantly expand its branches network to most Saudi cities in the near future, the daily reports citing Abdulmohsen Al Fares, the bank's chief executive.
Newspaper Web site: www.al-jazirah.com
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2009 Dow Jones & Co.
(END) Dow Jones Newswires
04-07-09 0742GMT
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