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June 14, 2021
Graduation of 35 male and female entrepreneurs
Al Rajhi Bank concluded the Small Trader of Financial Awareness program, entitled “A Small Step towards Great Success and a Secure Future.” The training program was launched at the beginning of March and concluded on June 5 in Buraidah, Unayzah and Al-Rass in the Al-Qassim region. The bank held this initiative with generous support from the Emirate of Al-Qassim in collaboration with the regions’ Women Development Committee and participation of Qassim Chamber, Unayzah Chamber and Al-Rass Chamber.
The first initiative was held in Buraidah, and consisted of three sessions, each lasting three days, followed by two trade fairs through which the beneficiaries received hands-on training on commercial activities, mechanisms of buying and selling, and financial transactions.
The next training course was held in Unayzah and Al-Rass, and included a joint fair trade for the two governorates. Three months and 5,000 training hours later, the program concluded at an entrepreneur fair where 35 out of 55 students were able to graduate in entrepreneurship.
Al Rajhi Bank held and sponsored the Small Trader of Financial Awareness program for the second time as one of its social responsibility programs to increase financial awareness and help develop a culture of saving within the community.
These courses were available free of charge for many schools, associations and children of martyrs of duty. Additionally, a limited number of seats were allocated to the children of the bank’s employees in the Qassim region to attend and benefit from the program.
Since its establishment, the bank has continuously supported many projects dedicated to the benefit of society on all levels, including education, health, training and supporting charitable organizations focusing on sustainability.
Over the past five years, the bank has activated volunteer work in line with the Kingdom’s vision 2030 to hopefully reach one million volunteers.
June 08, 2021
Exceptional prices and offers, and free cards for life
Al Rajhi Bank launched the “Financing Month” campaign for the third time in less than one year. This campaign includes several options, solutions and various financing features at highly competitive rates, all offered to the Saudi market for the very first time within the bank’s facilitated and distinguished financing programs to meet client wants and needs.
The bank will extend these innovative offers beginning from the 2nd of June 2021 until the 4th of July 2021, which feature finance solutions for five products with the lowest possible profit margins and refunded administrative fees to best benefit the customer.
The campaign includes Real Estate Finance Products, Personal Finance Products, Car Rental Finance Products, Debt Payment Products, and free Credit Cards for life.
Financing Month represents an opportunity for the bank’s customers when applying for a Real Estate Financing Product to take advantage of several benefits, such as a financing period of up to 35 years. This product also includes many Financing Solutions, such as purchasing a pre-built housing unit or self-build project with the potential to benefit from other Real Estate Financing Products, including a low mortgage, administrative and real estate appraisal fee refunds, reduced financing rates and speedy approvals. The offer also incorporates attractive credit terms that feature easy payments for the Self-Build Product, starting at a 35% down payment with the possibility of including the Flexible Installment Feature, allowing the customer to benefit from better financing.
The Car Financing Month (for leased products) includes the lowest financing profit margin, no down payment, no administrative fees, and low monthly installments for 60 months, while cooperating with many car dealerships to include the 50/50 program for different types of cars in all cities and regions of the Kingdom.
Throughout this month, the bank offers various distinctive solutions through the Personal Financing Product, the Refinancing Product, the Flexible Financing Product, the Vacation Financing Product, the Installment Deferral Feature and Debt Payment Product. The aim is to encourage new customers to benefit from all these services and products, including the low profit margin, a 60 month installment period, refunded administrative fees and the additional advantage of postponing the first two installment payments while benefitting from their monthly salary after transferring the down payment to Al-Rajhi Bank.
May 31, 2021
Last Thursday, Al Rajhi Bank was awarded first place in the Kingdom for the Best Investor Relations Program Award of the year 2020, which the bank won within the Saudi Stock Market Awards.
Mr. Abdul Rahman Al Fadda, Chief Financial Officer at Al Rajhi Bank, who received the award, said that the bank was keen to continue communicating with investors by implementing innovative ideas in a practical way to serve the bank’s strategic objectives. Along with the bank's consistent approach to deal with everything with absolute transparency.
It is was mentioned that the Saudi Capital Market announced the winners of its awards in its first session last March. It took place through a virtual ceremony sponsored by the Capital Market Authority and with the participation of the Middle East Investor Relations Association and The Saudi Association of Financial Analysts.
After announcing the victory, Al Rajhi Bank affirmed its commitment to participate in achieving the Kingdom's 2030 vision by contributing to the development of a diversified and effective financial sector. The bank seeks to support the national economic development and diversify its sources of income and stimulate savings, financing, and investment.
All of that will be accomplished through the development and deepening of the financial sector institutions and the development of the Saudi financial market to form an advanced financial market in a manner that does not conflict with the strategic objectives to maintain the stability and strength of the financial sector