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Al Rajhi Banking And Investment Corporation JSC (Saudi Arabia)

Main Activities: Commercial Banking
Full name: Al Rajhi Banking And Investment Corporation JSC Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Al Rajhi Bank is an Islamic bank founded in 1957 with total assets of SR 172 billion (US$45.7 bn), a market capital of US$4 billion. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development. Al Rajhi name were merged into the umbrella Al Rajhi trading and exchange corporation in 1978 and it was in 1988 that the bank was established as a Saudi share holding company. With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network. Al Rajhi Bank also continues to develop banking programs and projects with a focus on the latest electronic services and investment products in order to offer innovative banking and investment services, especially e-banking.

Headquarters
Olaia Street, P.O.Box 28
Riyadh; Al-Riyadh; Postal Code: 11411

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Website: http://www.alrajhibank.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1987
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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Subsidiaries
Al Rajhi Capital Company -Ksa
100%
Al Rajhi Company For Management Services - Ksa
100%
Al Rajhi Corporation Limited- Malaysia (Malaysia)
100%
Company Performance
Financial values in the chart are available after Al Rajhi Banking And Investment Corporation JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net interest income
35.53%
Operating profit (EBIT)
28.63%
Net Profit (Loss) for the Period
-3.09%
Total assets
6.1%
Total equity
6.52%
Total Assets Trend
-16.02%
Net Interest Income Trend
7.74%

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