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setting exemplary standards in ethics, transparency, integrity and honesty
overview
this is
alrajhi bank
GRI
2-1
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 Shariah compliant products, both locally and internationally.
our values
Our core values articulate why we are the number one bank of choice in the Kingdom.
Integrity and TransparencyOpenness and highest standards of corporate and personal ethics in all that we do.
A Passion to Serve Our CustomersA strong commitment to anticipate and address customer needs beyond expectations, helping them achieve their objectives.
ModestyHumility in thought and deed in everything we do.
InnovativenessNurturing imagination and fostering creativity for better results.
MeritocracyDefining, differentiating and reinforcing excellence in people.
Care for SocietyContributing towards a better tomorrow.
our evolution
alrajhi bank is a Saudi joint stock company. 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, in June 1987.
1957
Established as an exchange house
1978
Several individual entities under the Al Rajhi name were merged under the umbrella organisation Al Rajhi Trading and Exchange Corporation
1988
Converted to a bank under the name Al Rajhi Banking and Investment Corporation
2006
Named Al Rajhi Bank
Established Al Rajhi Bank Malaysia – the first overseas branch
2008
Established Al Rajhi Capital Company as a securities business subsidiary
2010
Established Al Rajhi Bank Kuwait
2011
Established Al Rajhi Bank Jordan
2013
Established Tuder Real Estate Company to manage the growing real estate and properties of the Al Rajhi Group
2018
Established Emkan Finance Company for microfinancing
2019
Established Tawtheeq for financial leasing contracts registration and streamlining litigation processes
2021
Established Neoleap as a FinTech company focused on payment solutions
Centralised and absorbed all operations, automation, and professional services under Tanfeeth, later rebranded as Atmaal
2022
Fully acquired Ejada Systems Limited Co. to extend IT capabilities
2024
Established Neotek as a FinTech company focused on data aggregation
Acquired majority stake of the Drahim App – a personal financial management (PFM) and automated investment app – the first-of-its-kind investment in the region.
the bank
GRI
2-1
Headquartered in Riyadh, Kingdom of Saudi Arabia, alrajhi bank operates under Commercial Registration No. 1010000096. A member of the alrajhi bank group, the bank is listed on the Saudi Stock Exchange (Tadawul) with the Ticker No. RJHI [1120]. alrajhi bank is the world’s largest Islamic bank with SAR 974 Bn. (USD 260 Bn.) in assets, a paid-up capital of SAR 40 Bn. (USD 11 Bn.) and an employee base of over 23,000 associates.
The bank’s business is diversified across the following verticals:
alrajhi bank group
GRI
2-6
alrajhi bank group provides customers with innovative financial products and services that are simultaneously in line with Islamic banking principles and rapidly evolving market requirements.
The group is Shariah-compliant and is instrumental in bridging the gap between 21st-century financial demands and intrinsic Islamic values.
Map with locations of subsidiaries and branches
Subsidiaries and International Network
GRI
2-6
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.
Atmaal
KSA
A limited liability company registered in the Kingdom of Saudi Arabia to provide recruitment services, automation, and business solutions.
alrajhi bank – Kuwait
Kuwait
Foreign branch registered with the Central Bank of Kuwait.
alrajhi bank – Jordan
Jordan
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 Shariah and applicable banking laws.
alrajhi bank – Malaysia
Malaysia
Foreign subsidiary and 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 carry out the real estate and property management function on behalf of the bank.
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, and transferring and holding the title deeds of real estate properties on behalf of the bank.
alrajhi 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)
KSA
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.
Neotek
KSA
A FinTech company regulated by the Saudi Central Bank (SAMA) as a Third-Party Provider (TPP) of cutting-edge financial technology solutions.
Drahim
Cayman Islands
A leading financial management and automated investment platform licensed by the Saudi Central Bank (SAMA) within the FinTech Lab and the Capital Market Authority’s regulatory environment.
Strength and reach
- The largest Islamic bank in the world with the largest branch network in the Middle East including 13 branches in Jordan, 2 branches in Kuwait and 13 branches in Malaysia
- The largest bank in terms of financing portfolio and total deposits, and the second largest bank in Saudi Arabia in terms of assets – accounting for 23.2% of total assets, 24.7% of loans, 23.4% of total deposits among banks in the Kingdom as of 31 December 2024
- Total group assets amounted to SAR 974 Bn. as at 31 December 2024
- A market capitalisation of SAR 378 Bn. as at 31 December 2024
- Diverse traditional and modern channels spanning the Kingdom including:
512 branches | 4,371 ATMs | 786,252 POS terminals | 136 Tahweel centres - Expanding digital banking ecosystem with 14.8 million active users
- Handling an average of 1 billion transactions per month
- +23,000 employees at the end of 2024 ranking the group among the top 10 employers in the Kingdom
- Industry-leading Return Metrics with Return on Equity standing at 21.1%, Cost to Income ratio at 24.9% and Asset Quality with NPL standing at 0.76% as at 31 December 2024
Commitment to Vision 2030
alrajhi 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.
