diversity and inclusion

alrajhi group is an equal opportunity employer, and aligns with Saudi Vision 2030 objectives to advance gender diversity and female participation in the workforce. This commitment is reflected in the group’s HR policy and the Code of Conduct.

alrajhi bank is committed to promoting gender pay equity and ensuring that all employees are compensated fairly for their skills, experience, and contributions, regardless of gender.

The group HR Policy provides female employees with a range of benefits, including the right to maternity leave with full pay for a period of ten weeks, with the choice to extend the leave for a period of one month as unpaid leave. Furthermore, the Policy also provides female employees returning from maternity leave one hour to feed their child, which is included in the working hours of the day. The Bank provides female employees a monthly nursery allowance for their children aged six and above. These efforts showcase the HR Group’s unwavering commitment towards ensuring a safe and inclusive working environment for all employees.

The Bank’s Code of Conduct states all employees will be treated with dignity and respect. Keeping up the spirit of providing equal opportunity to all, the Bank has well-established grievance channels to record instances of discrimination and harassment. In 2024, there were no incidents of discrimination during the reporting period.

alrajhi bank continued to encourage female participation in its workforce by creating female-friendly and female-only job opportunities, such as the largely female-operated Contact Centre in Qassim. In 2023, the first female-only IT Development Programme (ITDP) was launched, enrolling 30 female graduates. This high-impact initiative aims to significantly increase the number of women in the digitally-proficient workforce through well-structured development programs, offering assured and rewarding career progression. In 2024, we expanded our efforts by launching 2 new graduate development programs for business and IT, benefiting more than 60 females. alrajhi bank’s commitment to diversity and inclusion is reflected in its employee figures: women in the workforce have increased from 30% last year to 33.56% in 2024.

Saudisation

In compliance with the Nitaqat policy to transform the Saudi labour market, alrajhi bank’s talent attraction and retention strategy continued to be powered with Saudisation objectives at its core; in 2024, the bank achieved a remarkable 98% Saudisation rate by focusing on hiring, investing in, and retaining skilled local talent. First preference when hiring is given to Saudi nationals as per the bank’s HR Policy, which states that candidates who fill vacant positions must be Saudi nationals, with the only exception being the inability to acquire a suitable Saudi candidate for said vacancy.

The bank’s exceptional Saudisation rate also supports the Vision 2030 pillar – ‘A Thriving Economy’, by contributing directly towards the following Vision 2030 objectives: