Al-Rajhi Bank

Al-Rajhi Bank is a Saudi bank established on January 23, 1978. It practices banking and investment business following the provisions of the Islamic Sharia for its account or the account of others, for individuals and companies, inside and outside the Kingdom of Saudi Arabia, and its main headquarters is located in the capital, Riyadh.

The bank was listed on the 'Saudi Tadawul' on December 1, 1988, and its shares are traded on the main Saudi market 'Saudi Tadawul' within the banking sector, under the name (Al-Rajhi), symbol (1120), and International Securities Identification Number (ISIN) (SA0007879113). The bank's capital is SAR40 billion.

The bank began its operations in 1957, and in 1978, its individual institutions were merged under one entity named "al-Rajhi Banking and Trade Company." In 1987, Royal Decree No. 59 was issued to convert it into a joint-stock company. It was officially declared a Saudi joint-stock company under Ministerial Resolution No. 1398, and it adopted its current name, "al-Rajhi Bank," in 2006.

Al-Rajhi Bank's banking operations encompass five sectors: retail banking services, corporate banking services, the small and medium enterprises sector, the treasury sector, and the international business sector. The bank is affiliated with a group of companies and branches inside and outside the Kingdom that offer a variety of services, including al-Rajhi Capital, al-Rajhi Takaful Company, al-Rajhi Administrative Services Company, Tuder Real Estate Company, Emkan Finance Company, Tawtheeq Company, al-Rajhi Financial Markets Ltd., Financial global digital solutions company (Neoleap), as well as al-Rajhi Bank Kuwait, al-Rajhi Bank Jordan, and al-Rajhi Bank Malaysia.

Al-Rajhi Bank provides a range of personal financing products to its individual customers, including the New Personal Finance, the Sahlha Program, Buyout Finance, About-to-Retire Finance, Short-Term Personal Finance, Personal Finance Refinance, Top-up Finance, and Postponing Installments.

The bank facilitates owning a vehicle for its customers through vehicle financing, offering products such as "Auto Leasing," "Auto Murabaha Finance," and "Transfer of Contract."

In the field of property insurance, al-Rajhi Bank enables the ownership of residential units through programs tailored to the preferences of beneficiaries, including Home Finance, Self-Construction (Demolish and Reconstruct), Buyout, Property Power, and Off-Plan.

The bank provides financial solutions in the business sector, including real estate finance up to SAR20 million, converting frozen funds into cash liquidity, and protection against payment delays for projects, in addition to the Payroll Financing Program and Fleet Finance Program.

Through "Takaful Insurance," the bank provides Sharia-compliant insurance solutions for individuals, including home insurance, medical malpractice insurance, family insurance, motor insurance, travel insurance, and the private pension plan.

In the business sector, the bank contributes to securing establishments against potential damages through various insurance products, including employee fidelity, engineering insurance, liability insurance against major risks, property insurance, and medical insurance for employees.

Al-Rajhi Capital provides a comprehensive and integrated investment portfolio through investment funds that comply with the Islamic Sharia. The investment funds are managed by fund managers and offered through a wide network of investment centers and the company's investment experts across the Kingdom.

Among the investment funds provided by al-Rajhi Capital are the following: al-Rajhi Saudi Equity Fund, al-Rajhi Saving and Liquidity Fund (SAR), al-Rajhi GCC Equity Fund, al-Rajhi Arab Equity Markets Fund, al-Rajhi Saving and Liquidity Fund (USD), al-Rajhi Global Equity Fund, al-Rajhi Sukuk Fund, and al-Rajhi Growth and Dividends Fund.