Al Rajhi Bank Launches ‘Al Rajhi Academy’ for Developing Saudi Competence in the Banking Sector

02 April 2018

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Al Rajhi Bank has launched ‘Al Rajhi Academy’ that will play a major role in helping the programs of developing Saudi capabilities, qualifying the youth to work in the bank, and developing the human resources in the banking sector.

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The first stage of the academy was the Banking Academy in Al Rajhi Complex for Operations and Technology at Al-Nakheel, Riyadh. The launch was witnessed by Al Rajhi CEO, managers and chiefs of the groups and a group of the bank’s officials.

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Mr. Khalid Fahad Al Huzaim, Al Rajhi’s Head of the Human Resources Group, said that developing talent in Al Rajhi is an inseparable part of the bank’s aspirations that go hand in hand with the Saudi 2030 Vision aiming at developing Saudi youth capabilities.

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He explained that Al Rajhi Academy has two main arms: the Banking Academy and the Leadership Academy. The Banking Academy has recently granted a number of professional certifications including The Professional Certificate for Risk Management, the Professional Certificate for Treasury and Financial Institutions, the Credit Certificate for Small and Medium Enterprises, in addition to a group of banking certificates under way.

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Al-Huzaim considers establishing a special building for the Academy a milestone in Al Rajhi’s history. Moreover, the Leadership Academy is expected to be inaugurated later this year. Commenting on that, Al-Huzaim said that this significant step in the journey of developing the human resources capitals comes in line with the slogan of Al Rajhi Human Resources Department “We Live Our Values”. It’s going to guarantee the growth of Al Rajhi’s future businesses through having a group of competent qualified Saudi youth who can meet the needs of the bank.

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Al Rajhi continues its contributions in qualifying, training and employing the Saudi youth (men and women) year after year. The bank is achieving great success in attracting youth who have great ambitions and skills and who want to work at the biggest and most popular bank in the Kingdom and the Arab region.

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Al Rajhi is considered the biggest employer in the Saudi financial sector, with more than 10,200 employees (males and females) at the end of 2017 and 91% total Saudization rate, which reaches 100% at the women’s branches. All of these employees are known for their efficiency, competitive productivity, and a culture of creativity and initiative.

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The bank continues to achieve its employees’ strategic objectives in line with the bank’s 2020 strategy. For example, throughout the year 2017, the bank organized 65,000 training days that included different aspects of governance, compliance, technology, leadership and management, and applied the talent assessment tools to identify talents and make the succession plans accordingly.

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