About alrajhi bank

Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 384 billion (US$ 102 billion), a paid up capital of SR 25 billion (US$ 6.66 billion) and an employee base of over 9,600 associates.

With over 58 years of experience in banking and trading activities, the varions individuel establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as a Saudi share holding company.

Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.

With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 570 branches, over 152 dedicated ladies branches, more than 5,190 ATM's, 106,000 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 232 remittance centers across the kingdom. The first men's branch was opened in Aldirah in 1957, with the first ladies branch being opened in AlShmaisi in 1979.

Growth

The bank has evolved from its founding in 1957 to become one of the largest banks globally, with total assets reaching 776 billion Saudi Riyals. With a network of over 4,660 ATMs and 513 branches, serving more than 13 million customer accounts, the bank has advanced from an initial establishment phase to a mature enterprise stage, focusing on enhancing financial services for a diverse range of needs.

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Achievements

Over the years, the bank has achieved significant milestones such as a 19% growth in profits, totaling 19.722 million in 2024. It has signed strategic partnerships with prominent entities like the Saudi Electricity Company and the platform Basket, showcasing its commitment to expansion and innovation in the financial sector. With a strong emphasis on customer satisfaction and financial product development, the bank continues to mark milestones in revenue growth and market presence.

Case Studies

The bank has been involved in impactful projects and initiatives, demonstrating its commitment to community development and financial empowerment. Case studies showcase how the bank's services have positively influenced individuals and businesses, emphasizing financial inclusion and innovation in the banking sector.

Experience

Education

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