About Us

Our History

Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 124 billion (US$33 bn), a paid up capital of US$4 billion and an employee base of over 7452 associates. With over 50 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in this year that the bank was also 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 550 branches, over 100 dedicated ladies branches, 2,440 ATM's, 17,193 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 129 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.

Our Customer Centric Approach

As one of the leading and most progressive banks in Saudi Arabia, Al Rajhi Bank recorded net income profits of SR 5,298 million (equivalent to US$1412,8 million) during the first 9 months of 2009.  Al Rajhi Bank operates in multiple segments and continues to grow through diversification of income resources and development of the investment and corporate banking sectors which build on the strong retail banking base.

Al Rajhi Bank also continues to develop banking programs and projects with a focus on the latest electronic services and investment products in order to offer innovative banking and investment services, especially e-banking.  At Al Rajhi Bank, we have achieved leadership through offering new electronic channels that answer customers’ needs and aspirations, simplifying their efforts whilst saving time.  The Bank has also worked on numerous electronic governmental projects in collaboration with many official sectors.

Our ongoing commitment and focus on caring for our customers through the delivery of quality products and services has been recognized through the numerous awards obtained from independent institutions all over the world.  During 2009 the bank received several awards from Euromoney, Arabian Business, Global Finance and The Asian Banker for achievements in retail and corporate banking, including best finance deals based on Islamic structures for various projects in several fields

International Presence

In addition to local growth, Al Rajhi Bank ventured into the Malaysian market in 2006 after being the first foreign bank to be awarded a full-banking license by the Bank Negara Malaysia.  Malaysia marked the bank's first foray into the South East Asian banking scene, whereby the core banking products were introduced to the Asian market providing a whole new Islamic banking experience. Al Rajhi Bank currently has 19 branches in Malaysia with plans to increase this number in the future.