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Overview
this is al rajhi bank
our vision
To be a trusted leader delivering innovative financial solutions to enhance quality of life everywhere.
our mission
To be the most successful bank, admired for its innovative service, people, technology and Sharia compliant products, both locally and internationally.
our evolution
Al Rajhi Bank is a Saudi joint stock company.
1957
Established as an exchange house.
1988
Converted to a bank under the name Al Rajhi Banking and Investment Corporation.
2006
Named Al Rajhi Bank.
The Bank was formed and licensed in accordance with Royal Decree No. M/59 and Article 6 of the Council of Ministers’ Resolution No. 245, both of June 1987.
our values
Our core values articulate why we are the number one bank of choice in the Kingdom.
Integrity and Transparency
Openness and highest standards of corporate and personal ethics in all that we do.
A Passion to Serve Our Customers
A strong commitment to anticipate and address customer needs beyond expectations, helping them achieve their objectives.
Modesty
Humility in thought and deed in everything we do.
Innovativeness
Nurturing imagination and fostering creativity for better results.
Meritocracy
Defining, differentiating and reinforcing excellence in people.
Care for Society
Contributing towards a better tomorrow.
the bank
GRI
2-1
Headquartered in Riyadh, Kingdom of Saudi Arabia, Al Rajhi Bank operates under Commercial Registration No. 1010000096. A member of the Al Rajhi Bank Group, the Bank is listed on the Saudi Stock Exchange (Tadawul) with the Ticker No. RJHI [1120]. Al Rajhi Bank is the world’s largest Islamic bank with SAR 808 Bn. (USD 216 Bn.) in assets, a paid-up capital of SAR 40 Bn. (USD 11 Bn.) and an employee base of over 20,000 associates.
The Bank’s business is diversified across the following verticals:
al rajhi bank group
The Al Rajhi Bank Group provides clients with innovative financial products and services that are simultaneously in line with Islamic banking principles and rapidly evolving market requirements. The Group is Sharia-compliant and is instrumental in bridging the gap between 21st-century financial demands and intrinsic Islamic values.
Subsidiaries and International Branches
GRI
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Al Rajhi Capital Company
KSA
A Saudi closed joint stock company authorised by the Capital Market Authority to carry on securities business in the activities of dealing/brokerage, managing assets, advising, arranging and custody.
Management and Development for Human Resources Company
KSA
A limited liability company registered in the Kingdom of Saudi Arabia to provide recruitment services.
Al Rajhi Bank
Kuwait
A foreign branch registered with the Central Bank of Kuwait.
Al Rajhi Bank
Jordan
A foreign branch operating in the Hashemite Kingdom of Jordan, providing financing, banking, and investments services, and importing and trading in precious metals and stones in accordance with Islamic Sharia and applicable banking laws.
Al Rajhi Corporation Limited
Malaysia
A licensed Islamic Bank under the Islamic Financial Services Act 2013, incorporated and domiciled in Malaysia.
Tuder Real Estate Company
KSA
A limited liability company registered in the Kingdom of Saudi Arabia to support the mortgage programmes of the Bank through transferring and holding the title deeds of real estate properties under its name on behalf of the Bank, collection of revenue of certain properties sold by the Bank, provide real estate and engineering consulting services, provide documentation service to register the real estate properties and overseeing the evaluation of real estate properties.
Emkan Finance Company
KSA
A closed joint stock company registered in the Kingdom of Saudi Arabia providing micro consumer financing, finance lease and small and medium business financing.
Tawtheeq Company
KSA
A closed joint stock company registered in the Kingdom of Saudi Arabia providing financial leasing contracts registration to organise contracts data and streamline litigation processes.
Al Rajhi Financial Markets Ltd.
Cayman Islands
A Limited Liability Company registered in the Cayman Islands with the objective of managing certain treasury related transactions on behalf of the Bank.
International Digital Solutions Co. (Neoleap)
A closed joint stock company owned by the Bank for the purpose of practising technical work in financial services, digital payment systems, financial settlements and related services.
Ejada System Limited Co.
KSA
A Saudi Limited Liability owned by the Bank for the purpose of providing professional, scientific, technological activities, information communication services, system analysis and senior management consultation services.
Commitment to Vision 2030
Al Rajhi Bank remains one of the Kingdom’s main contributors towards the three themes of Vision 2030: a vibrant society, a thriving economy, and an ambitious nation. With a significant number of the goals of Vision 2030 either directly or indirectly connected with finance, the Bank and its subsidiaries are ideally placed to further the Kingdom’s aspirations, policies, and plans in its journey towards realising Vision 2030 in the coming years.
Strength and reach
- Second largest bank in terms of financing portfolio and second largest bank in Saudi Arabia in terms of assets – accounting for 21.8% of total assets and 23.2% of total deposits among banks in the Kingdom as of 31 December 2023
- The largest Islamic bank in the world with the largest branch network in the Middle East including 10 branches in Jordan, 2 branches in Kuwait and 13 branches in Malaysia
- Total Group assets amounted to SAR 808 Bn. as at 31 December 2023
- A market capitalisation of SAR 346 Bn. as at 31 December 2023
- Diverse traditional and modern channels spanning the Kingdom including:
509 branches 4,552 ATMs 601,153 POS terminals
142 Tahweel centres
- Expanding digital banking ecosystem with 12.6 million registered users
- Growing mobile banking ecosystem with 1.2 million registered users
- Handling an average of +800 million transactions and over SAR +8 Bn. remittances per month powered by a partner network of over 120 correspondent banks in around 50 countries
- 20,878 employees at the end of 2023 ranking the Group among the top 10 employers in the Kingdom
- Industry-leading Return Matrices with Return on Equity standing at 19.35%, Cost to Income ratio at 27.2% and Asset Quality with NPL standing at 0.71% as at 31 December 2023