Report structure
The Report has been structured to present a balanced, concise and clear assessment of Alinma Bank’s performance, operations and strategy, as it creates value over time against trends shaping its operating context.
Report boundary
The boundary for financial reporting includes Alinma Bank (referred to as “the Bank” in this Report) and its subsidiaries (which, together with the Bank, are collectively referred to as the “Group”).
The reporting of the Bank focuses on aspects that may substantively affect the Bank’s ability to create value over the short, medium and long term and which may have a significant probability of occurrence.
Reporting period
The Report covers the 12-month period from 1 January 2021 to 31 December 2021, which is consistent with the Bank’s usual annual reporting cycle. The most recent previous integrated report covered the 12-month period ended 31 December 2020 and is available on the Bank’s website: www.alinma.com. There are no restatements of information provided in previous reports and no significant changes from previous reporting periods in the scope and aspect boundaries.
Compliance
This Report has been prepared in compliance with all applicable laws, regulations and standards, and guidelines for voluntary disclosures. Additional details can be found in the Board of Directors Report (pages 76 to 103), and in the Financial Statements and the Notes thereon (pages 113 to 198).
The Consolidated Financial Statements as of and for the year ended 31 December 2021 are in line with International Financial Reporting Standards (IFRS) as endorsed in the KSA and other standards and pronouncements issued by the Saudi Organization for Certified Public Accountants (SOCPA). The Statements comply with the provisions of the Banking Control Law, the Regulations for Companies in the KSA, and the Bank’s Articles of Association.
Precautionary principle
The precautionary principle has been applied in relation to the Bank’s social and environmental sustainability. As a responsible corporate citizen, necessary measures have been taken by the Bank to mitigate the risks caused to society and environment through its actions.
Queries
Your comments on this Report are most welcome.
Please direct your feedback to:
Email: IR@alinma.com
Tel: +966 112 185555
Web: www.alinma.com
Address: 9033 King Fahad Road,
Olaya Unit 8,
Riyadh 12214 - 2370