Awards
Al Rajhi Bank's achievements and contributions to the economy and society have earned us numerous awards over the years. We are proud winners of the following accolades:
Best Retail Bank in the Gulf, Best Retail Bank in KSA
- The Asian Banker, June 2008
Al Rajhi Bank was named as the sole winner of highest award for retail financial services in the Gulf Region for performance in 2007. Al Rajhi Bank was also named as sole winner of best Retail bank in Saudi Arabia.
Best Commercial Website in the Middle East
- Sheikh Salim Al Sabah, April 2008
Al Rajhi Bank website won the prize for best commercial website in middle east, the only Saudi website that was honored.
Best Fund Mixed Asset USD Aggressive Category (1 year)
- Lipper Awards, April 2008
Al Rajhi Bank awarded most aggressive balanced fund award.
Best Fund Equity Saudi Arabia Category (1 year)
- Lipper Awards, April 2008
Al Rajhi Bank recognized for local shares fund.
Achievement in Islamic Finance
- The Asian Banker, March 2008
Al Rajhi Bank recognized for Achievement in Islamic Finance. Award received for growth both in KSA and also Internationally in the areas of retail and project finance. Red Sea Gateway Terminal quoted as most crucial lending project in Saudi Arabia.
Best Islamic Bank in the Middle East
- Euromoney Islamic Finance Awards 2007, February 2008
Al Rajhi Bank recognized as best Islamic Bank in the Middle East.
Project Finance Deal of the Year '2007'
- Euromoney Islamic Finance Awards 2007, February 2008
Al Rajhi Bank acted as Mandated Lead Arranger for the Islamic Tranche in all the following deals: ACWA Power and Al Rajhi Bank for Marafiq IWPP, Shuqaiq IWPP and Shoaibah Expansion Project.
Project Finance Awards
- Euromoney Islamic Finance Awards 2007, February 2008
Middle East Transport/ Ports Deal of the Year 2007
Red Sea Gateway Terminal (3rd Container Terminal at Jeddah Islamic Port), Al Rajhi acted as Joint Financial Advisor, Sole Book runner and Mandated Lead Arranger.
Middle East Telecoms Deal of the Year for 2007
Mobily, Al Rajhi acted as Mandated Lead Arranger.
Middle East IWPP Deal of the Year 2007
Marafiq Independent Water and Power Project, Al Rajhi acted as Mandated Lead Arranger.
Best Islamic Retail Bank for the Year 2007
- Islamic Finance News Deal Awards 2007, February 2008
Al Rajhi Bank granted award for best Islamic retail bank.
Project Finance Awards - Most Innovative Deal of the Year 2007
- Islamic Finance News Deal Awards 2007, February 2008
Best Ijarah Deal of the Year 2007
Red Sea Gateway Terminal Limited US$453.93 million, Al Rajhi acted as Joint Financial Advisor, Sole Book runner and Mandated Lead Arranger.
Best Tawarruq Deal of the Year 2007
Mada Leletisalat LLC US$2.5 billion (MTC-Zain), Al Rajhi acted as Lead Arranger.
Best Project Finance Deal of the Year 2007
Red Sea Gateway Terminal Limited US$453.93 million, Al Rajhi acted as Joint Financial Advisor, Sole Book runner and Mandated Lead Arranger.
Best deal in Saudi Arabia Deal of the Year 2007
Mobily US$2.85 billion project financing, Al Rajhi acted as Mandated Lead Arranger.
Power Deal of the Year 2007
- PFI Magazine (Thomson Awards) 2007, February 2008
Marafiq Independent Water and Power Project, Al Rajhi acted as Mandated Lead Arranger.
Best Website in KSA
- Ministry of Communications and Information Technology 2007, September 2007
Al Rajhi Bank's website was ranked first in the e-business competition for digital Excellence Award in 2007 by the Ministry of Communications and Information Technology.
Middle East E Banking Award
- Middle Ease E Banking Excellence Award, September 2007
Al Rajhi Bank was named as a winner of the e banking country award for KSA.
Islamic Banker of the Year Award 2007
- The World Islamic Banking Conference, December 2007
Al Rajhi Bank was named as the sole winner of highest award for retail financial services in the Gulf Region for performance in 2007. Al Rajhi Bank was also named as sole winner of best Retail bank in Saudi Arabia.
Various IT Banking Awards
IT & Banking, 2007
Al Rajhi Bank was the first bank in the Middle East to receive these prizes collectively for adopting the best international and standards in providing electronic services. The four certificates comprise of: the International standard certificate BS7799, CMMI Certifcate, ISO 2000 and the international quality certificate ISO 9000.