Al-Rajhi Bank

Al Rajhi Bank
Native name
مصرف الراجحي
Company typePublic (Tadawul1120)
ISINSA0007879113 Edit this on Wikidata
IndustryBanking, financial services
Founded1957 (1957)
HeadquartersRiyadh, Saudi Arabia
Number of locations
600+ Branches
4,700+ ATMs
73,000+ POS
Area served
Saudi Arabia
Kuwait
Jordan
Malaysia
Syria
Key people
  • Abdullah bin Suleiman Al Rajhi
    (Chairman)
  • Waleed A. Al-Mogbel
    (CEO)
ProductsFinancial services
RevenueIncrease SR 6.35 billion (Q2 2018[1])
Increase SR 8.43 billion (Q2 2018)
Increase SR 4.95 billion (Q2 2018)
Total assetsIncrease SR 348.44 billion (2018) (Q2 2018)
Total equityIncrease SR 52.79 billion (Q2 2018)
Number of employees
Increase 13,077 (2018)[2]
DivisionsTahweel Al Rajhi
SubsidiariesAl Rajhi Capital
Al Rajhi Bank Business
Al Rajhi Takaful
Al Rajhi Development Company
Al Rajhi for Administrative Services Company
urpay
neoleap
Emkan
RatingA1 (Moody's)[3]
Websitewww.alrajhibank.com.sa

The Al Rajhi Bank (Arabic: مصرف الراجحي) (previously known as Al Rajhi Banking and Investment Corporation)[4] is a Saudi Arabian bank and the world's largest Islamic bank by capital based on 2015 data.[5]

The bank is a major investor in Saudi Arabia's business and is one of the largest joint stock companies in the Kingdom,[6] with over SR 330.5 billion in AUM ($88 billion)[7] and over 600 branches.[8] Its head office is located in Riyadh, with six regional offices. Al Rajhi Bank also has branches in Kuwait and Jordan, and a subsidiary in Malaysia and Syria.

Al Rajhi Bank has market capitalization of SR 302.80 billion.[9]

  1. ^ Tom Arnold (July 26, 2018). "Saudi's Al Rajhi Bank Q2 net profit at high end of forecasts". Reuters. Retrieved September 1, 2018.
  2. ^ "#563 Al Rajhi Bank". Forbes. June 2018. Retrieved September 1, 2018.
  3. ^ Cunningham, Andrew (13 November 2015). "Safest Islamic Banks 2015". Global Finance Magazine. Archived from the original on 6 February 2020. Retrieved 25 March 2017.
  4. ^ Al Rajhi Banking & Investment Corp, CEO launches new corporate identity and announces a name change. Archived 2008-10-06 at the Wayback Machine Albawaba
  5. ^ "Al Rajhi Remains World's Largest Islamic Bank". Islamic Finance. 31 July 2015. Archived from the original on 13 June 2018. Retrieved 19 January 2017.
  6. ^ Mohammed, Naveed (31 July 2015). "IslamicFinance.com ranks Al Rahji as world's largest Islamic Bank". Sukuk. Retrieved 25 March 2017.
  7. ^ David French (24 October 2016). "Saudi housing, SME lending to drive Al Rajhi Bank's growth to 2020". Reuters. Retrieved 28 February 2017.
  8. ^ Allam, Abeer (9 October 2013). "Al Rajhi Bank: Margins trimmed at market leader". Financial Times. Archived from the original on 11 December 2022. Retrieved 25 March 2017.
  9. ^ "Saudi Arabia's Al Rajhi Bank ticks all the financial benchmarks". gulfnews.com. Retrieved 2023-01-16.

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