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Al Rajhi Bank (Saudi Arabia)

Main Activities: Commercial Banking
Full name: Al Rajhi Bank Profile Updated: March 14, 2019
Buy our report for this company USD 19.99 Most recent financial data: 2018 Available in: English & Arabic 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.

Legal Address
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:
1957
Key Executives
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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
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Director / Member of the Management Board
Ownership Details
Soliman Bin Abd Elaziz Alrajhy Awkaf Company
14.79%
General Social Security Institution
10.19%
Subsidiaries
Al Rajhi Bank – Jordan (Jordan)
100%
Al Rajhi Bank – Kuwait (Kuwait)
100%
Al Rajhi Capital Company – KSA
100%
Company Performance
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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 Profit (Loss) for the Period
44.41%
Total assets
0.26%

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