Founded in 1957, Al Rajhi Bank (“Al Rajhi” or “ARB”) is one of
the largest Islamic banks globally. With assets of USD 58,883
million plus, equity of over USD 8 billion and a team of 7,500
employees, Al Rajhi is one of the leading and most progressive
banks in the Kingdom of Saudi Arabia (“KSA”).
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 Exchange Corporation in 1978, and it was in 1988 that
the Bank was established as a Saudi shareholding company.
The Bank operates in multiple segments and continues to
grow through the diversification of income resources and
the development of the investment and corporate banking
sectors, which where built on a strong retail base.
Al Rajhi has been one of the most profitable GCC banking
entities for the last few years, with the profits of 2010 exceeding
SR 7,378 million throughout.