Founded in 1957, Al Rajhi Bank is one of the largest banks in the world with total assets of SR 343 billion (US$ 80 billion), a paid up capital of SR 25 billion (US$ 6.67 billion) and an employee base of over 9,600 associates..
Best Islamic Bank in Saudi Arabia - The Banker
2018 - Global Awards
Best Bank in Saudi Arabia - Euromoney
3 consecutive years 2016, 2017 and 2018
Best Bank in Saudi Arabia - The Banker
2018 - Global Awards
Best Employer Award - Employer Branding Awards
2018 - Regional Awards
April 13, 2021
For the 4th Consecutive Year and Reaching 12K Beneficiaries
Al Rajhi Bank successfully completed its food baskets distribution program to underprivileged people right before the arrival of the holy month of Ramadan.
The bank's employees, led by the Social Responsibility Ambassadors, handled the distribution of these baskets to the underprivileged in their respective areas. The program saw the participation of 161 employees, who voluntarily worked for an overall of 805 hours to deliver these baskets directly to the relevant charities in their areas.
The distributed baskets contained several types of food that are popular in Ramadan, each serving six people. Reaching 12,000 beneficiaries, the initiative took place in Riyadh, Mecca, Medina, Taif, Northern Borders, Al Qassim, Hail, Aseer Province, Jeddah, and Jazan.
Receiving great interactions from the Social Responsibility Ambassadors for its ideal execution, the program takes place at a much-needed time due to the occurrence of the coronavirus pandemic and its related difficulties, making such initiatives more crucial than previous years. It also comes at a time where everyone is keen on making charity and helping the less fortunate, especially during the holy month of Ramadan.
Al Rajhi Bank believes this kind of social activity is consistent with the Saudi community's values and culture, which encourages collaboration and solidarity for the greater good. This initiative comes as part of many programs planned around the year, aiming to serve the various segments of the society in all of the Kingdom's areas.
April 04, 2021
The first in-app purchase transaction in the kingdom has been made.
Al-Rajhi Bank launched the application of Soft POS on mobile phones as part of its technical and digital leadership solutions in order to achieve the goal of being the "Bank of the Future." The first in-app purchase transaction was implemented in the Kingdom on Sunday April 4, 2021.
The new and innovative application provides a new and fast electronic payment mechanism that provides POS customers from all establishments to convert their phones to a means of accepting payment as an alternative to POS devices, which will save them effort, cost and maintenance.
This step comes from the bank as one of the first service providers in the region after being licensed by "Saudi Payments" as one of the financial and digital inclusion enablers targeted by the Kingdom's Vision 2030 and is considered one of the steps to develop the financial sector in the Kingdom, in addition to being in line with the objectives of the Central Bank of Saudi Arabia aimed at encouraging Innovative digital initiatives and reduced reliance on cash.
The bank appreciated the support of the success partners, which are "Saudi Payments" through "Mada", which adopts enabling innovative initiatives to develop the payment environment in the Kingdom, and the “Momkn” Payments Company, a provider of digital points of sale service.
It is noteworthy that Al-Rajhi Bank has the largest network of points of sale in the Kingdom and its services in this field are distinguished by providing more comfortable and safer options for merchants and shoppers, as the service is the fastest and most supportive of many cards.
March 23, 2021Al 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.