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Alrajhi Bank was founded in 1957, and is one of the largest banks in Saudi Arabia, with over 9,600 employees and $88 billion in assets. The bank is headquartered in Riyadh, and has over 600 branches, primarily in Saudi Arabia, but also in Kuwait, and Jordan, with a subsidiary in Malaysia.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Al_Rajhi_Banking_and_Investment_Corporation&oldid=1253673089"
In Saudi Arabia, a total of 37 banks are currently licensed by the Saudi Central Bank (SAMA): [1] [2] 11 local banks, [2] 23 branches of foreign banks, and 3 digital banks. [ 1 ] Local Banks
Rating Action: Moody's assigns National Scale Ratings to Al Rajhi BankGlobal Credit Research - 01 Mar 2022Limassol, March 01, 2022 -- Moody's Investors Service ("Moody's") has today assigned ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Al Rajhi Company for Cooperative InsuranceGlobal Credit Research - 04 Mar 2021DIFC - Dubai, March ...
After he left college, Algafari began his career in the banking sector. In 1997, he joined Samba Financial Group as director of human resources until 2004. He also held executive positions at Al Rajhi Bank and Riyad Bank in the 1990s.
In the 1990s Al-Rajhi turned over the reins of the heading the Al Rajhi Bank to focus on real estate and agriculture. His ventures in these two sectors eventually became some of the most successful in KSA. Aside from these, Al Rajhi held stakes in another financial of import Al Baraka Banking Group and shares in cement and construction ventures.
The Alrajhi family are considered one of the wealthiest non-royal families in Saudi Arabia. [19] His father was Saleh Abdulaziz Alrajhi, co-founder of Al-Rajhi Bank and many prominent industrial companies in Saudi Arabia, and his uncle is Sulaiman Abdul Aziz Al Rajhi, a Saudi Arabian corporate figure and billionaire who co-founder of Al-Rajhi Bank.