Alinma Bank, a Saudi joint stock company , was established pursuant to Royal Decree No. (M/15) dated 2/28/1427 AH (corresponding to 3/28/2006 AD), and Cabinet Resolution No. (42) dated 2/27/1427 AH (corresponding to 3/27/2006 AD). In accordance with the provisions of the Companies Law issued by Royal Decree No. (M/6) dated 3/22/1385 AH, the Banking Control System and Council of Ministers Resolution No. (245) dated 10/26/1407 AH, as well as other regulations in force in the Kingdom of Saudi Arabia . The purposes of the bank are In practicing banking and investment business , the main center of the bank is the city of Riyadh .
It was offered for subscription in 2008. 1,500,000,000 billion and five hundred million shares were offered, and the percentages for the founders are as follows: 10% is owned by the Public Investment Fund, 10% is owned by the Public Retirement Agency , 10% is owned by the General Organization for Social Insurance, and 70% is owned by Saudi citizen shareholders. The bank’s capital was raised from 15 billion riyals to 20 billion riyals on 12/15/2019.
Now we review the results of advanced trading indicators with Alinma Bank stock at 1150 Tasi
Frame: 3 days
We see entry zones being hunted and goals achieved, as well as exit zones
The price explosion occurred on August 13, 2020, at an entry price of 15.77
Which achieved until this peak, which is a price of 42.45, with a profit of 139%.
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