November 01, 2020
Al-Rajhi Bank, in collaboration with the Gulf Center for Cancer Control & Prevention at King Faisal Specialist Hospital and Research Centre in Riyadh, concluded its breast cancer awareness campaign, which takes place every month of October year after year. The campaign was implemented through awareness lectures with training on how to conduct a self-examination twice in the headquarters tower for women and in 22 women's branches in Riyadh, Qassim, Al-Ahsa, Medina and Jazan, in addition to an educational campaign through social media and one of the commercial centers.
A group of specialized charities participated in the campaign, and these include the Tafawil Anti-Cancer Charitable Society in Al-Ahsa, the Balsam Association for Rehabilitation and Support of Cancer Patients’ Families in Buraidah, the Tuhur Association for Care and Support of Cancer Patients in Onaiza, and the Zahra Breast Cancer Association in Riyadh.
The Gulf Center for Cancer Control at King Faisal Specialist Hospital and Research Center in Riyadh announced that the campaign had achieved its goals, as the number of beneficiaries, whether in the bank’s branches or commercial malls, reached 778 women. The number of tweets and awareness clips sent by the bank, the center and the participating associations reached 46 tweets, watched by more than 104,500 followers.
It is worth noting that the bank is keen to participate annually in the World Breast Cancer Awareness Month, organized in its branches and in public places where this type of campaign always receives a great turnout and interaction from female employees and clients, due to the bank’s belief in the importance of raising awareness about the disease and the risk factors causing it, while stressing on the importance of early examination and detection of breast cancer..
October 25, 2020
Al Rajhi Bank Chairman of the Board of Directors, Mr. Abdullah bin Sulaiman Al Rajhi announced that the bank made profits before Zakat, in the third quarter of the year 2020, that have reached 2,963 Million Riyals, as opposed to the second quarter of the current year, with a 9% increase. Thus, the total profits of the bank for the first nine months of the current year before zakat will be 8,333 million riyals. Total operating income for the first nine months increased by 3.1% compared to the same period of the previous year, as a result of the increase in the net financing income, investments and brokerage fees.
Mr. Al Rajhi added that the shareholders’ equity increased by 13%, reaching 55 Billion Riyals by the end of the first nine months. Similarly, total assets improved and reached 430 Billion Riyals with an increase of 17% over last year’s same period. The bank’s total financing assets amounted to 290 Billion Riyals with an increase of 18%. Mr. Al Rajhi clarified that customer balances increased by 16% with a total of 345 Billion Riyals at the end of the first nine months, as the rate of return on assets and shareholders' equity reached 2.48% and 19.16%, respectively, and the earnings per share during the period after Zakat stood at SR 2.99. The Chairman of the Board of Directors also clarified that the bank continued to maintain its conservative allocation policy, as the coverage rate of non-performing finances rose to 293%.
Mr. Abdullah Al Rajhi thanked the bank’s esteemed customers for their ongoing trust, loyalty and compliance with its developments, especially those pertaining to the digital banking sector, and with financing products provided to meet their needs. Mr. Al Rajhi also thanked the bank’s employees for their efforts in achieving these distinguished results and praised the governmental initiatives presented by the Saudi Arabian Monetary Agency to support the private sector, and that of small and medium enterprises in particular, by postponing installments for 3 additional months. He added that during the third quarter, the bank continued to implement precautionary and preventive measures in all its establishments and branches, and was keen to protect its employees and customers as well as support government efforts in this field.
October 08, 2020This IPO news is available only in Arabic.