Al Rajhi Banking & Investment Corp - Company Profile
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Al Rajhi Banking & Investment Corp (Al Rajhi Bank) is a retail and corporate banking, takaful services, treasury, and investment solution provider. Its portfolio of offerings comprises account and deposit services; credit facilities; current, affluent, private, and ladies' accounts; personal, home, and car finance; credit cards; letters of credit; letters of guarantee, and a range of investment products. It offers takaful for health, motor, home, travel, and personal accident. Al Rajhi Bank also provides phone, mobile, and online banking; asset management; brokerage; remittance; and investment banking services. It caters to individuals and corporate customers through a network of branches and ATMs. The bank has operations in Saudi Arabia, Malaysia, Jordan, and Kuwait. Al Rajhi Bank is headquartered in Riyadh, Saudi Arabia.
Al Rajhi Banking & Investment Corp premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits: | Internet Banking | Al Rajhi Bank |
Current Accounts | SMS Banking | |
Affluent Accounts | Phone Banking | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Corporate Awards | In March, the company entered into a partnership agreement with Landmark Arabia to offer its services to the Makafa program. |
2024 | Contracts/Agreements | In March, the company entered into a memorandum of understanding with the General Authority for Endowments to provide the establishment of cash endowments and finding innovative financial and technical solutions. |
2023 | Contracts/Agreements | In December, the company entered into an agreement with American Express Saudi Arabia under which American Express introduced more than 4,500 ATM terminals to its network. |
Competitor Comparison
Key Parameters | Al Rajhi Banking & Investment Corp | Riyad Bank | Saudi Awwal Bank | Banque Saudi Fransi | Arab National Bank |
---|---|---|---|---|---|
Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
City | Riyadh | Riyadh | Riyadh | Riyadh | Riyadh |
State/Province | Riyadh | Riyadh | - | - | Riyadh |
No. of Employees | 20,878 | 7,887 | 5,105 | 3,154 | 4,206 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Waleed Abdullah Al-Mogbel | Director; Chief Executive Officer; Managing Director | Executive Board | 2022 | - |
Abdulrahman Abdullah Al Fadda | Chief Financial Officer | Senior Management | - | - |
Abdullah Saleh Alomari | Chief Operating Officer | Senior Management | - | - |
Abdulaziz Saad Al Resais | Chief Risk Officer | Senior Management | - | - |
Mishal Mustafa Alfadi | Chief Private Banking Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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