Al-Rajhi Bank
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The Al Rajhi Bank (Arabic: مصرف الراجحي) (previously known as Al Rajhi Banking and Investment Corporation)[4] is a Saudi Arabian bank and the world's largest Islamic bank by capital based on 2015 data.[5]
Quick Facts Native name, Company type ...
Native name | مصرف الراجحي |
---|---|
Company type | Public (Tadawul: 1120) |
ISIN | SA0007879113 |
Industry | Banking, financial services |
Founded | 1957; 67 years ago (1957) |
Headquarters | Riyadh, Saudi Arabia |
Number of locations | 600+ Branches 4,700+ ATMs 73,000+ POS |
Area served | Saudi Arabia Kuwait Jordan Malaysia Syria |
Key people | |
Products | Financial services |
Revenue | SR 6.35 billion (Q2 2018[1]) |
SR 8.43 billion (Q2 2018) | |
SR 4.95 billion (Q2 2018) | |
Total assets | SR 348.44 billion (2018) (Q2 2018) |
Total equity | SR 52.79 billion (Q2 2018) |
Number of employees | 13,077 (2018)[2] |
Divisions | Tahweel Al Rajhi |
Subsidiaries | Al Rajhi Capital Al Rajhi Bank Business Al Rajhi Takaful Al Rajhi Development Company Al Rajhi for Administrative Services Company urpay neoleap Emkan |
Rating | A1 (Moody's)[3] |
Website | www.alrajhibank.com.sa |
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The bank is a major investor in Saudi Arabia's business and is one of the largest joint stock companies in the Kingdom,[6] with over SR 330.5 billion in AUM ($88 billion)[7] and over 600 branches.[8] Its head office is located in Riyadh, with six regional offices. Al Rajhi Bank also has branches in Kuwait and Jordan, and a subsidiary in Malaysia and Syria.
Al Rajhi Bank has market capitalization of SR 302.80 billion.[9]