Al Rajhi Bank wins first place at the best investor relations program within the Saudi Stock Market Awards 2020

In a virtual ceremony held last Sunday under the patronage of His Excellency the Chairman of the Capital Market Authority, Mr. Muhammad Al-Quweiz, and in the presence of Engineer Khaled Al-Hussan, Executive Director of the Saudi Financial Market "Tadawul”, Al Rajhi Bank won the first-place award for the best investor relations program as part of the Saudi Capital Market Awards 2020.

Mr. Walid Al-Muqbel, Chief Executive Officer of Al Rajhi Bank stated, “Al Rajhi Bank is thrilled to receive the best investor relations program award during the year 2020 as our team was keen on maintaining and strengthening investor communications. Aside from developing innovative ideas that serve our strategic goals, we expanded our virtual activities and managed to inform shareholders of all the economic developments, challenges, and successes we faced, with the absolute transparency that the bank adapted since its inception more than sixty years ago.

He emphasized the bank’s commitment to participate in realizing the Kingdom’s 2030 vision by contributing to the development of a diversified and effective financial sector, which in return supports the development of the national economy, diversifies its sources of income, and stimulates savings along with financing and investment through evolving financial sector institutions and the Saudi financial market to form an advanced financial market aligning with the strategic objectives, which aim to maintain the stability and robustness of the financial sector.

Noting that this is the first ceremony for the Saudi Stock Market Awards organized under the patronage of the Capital Market Authority and with the participation of the Capital Market Company, Tadawul, the Association of Investor Relations in the Middle East, and the Saudi Association of Financial Analysts.