Al Rajhi Bank

Al Rajhi Bank provides a comprehensive range of financial services that include retail banking, corporate banking, investment banking, treasury operations, wealth management and Islamic financing products designed to comply with Sharia principles. The bank serves individual consumers, small and medium‑sized enterprises, large corporations and institutional clients, delivering products such as personal loans, mortgages, credit cards, trade finance, project financing and advisory services. Its operations are centred in Saudi Arabia but the institution also maintains a presence in several other countries through subsidiaries, representative offices and partnership arrangements that facilitate cross‑border banking and investment activities. The bank’s service model emphasizes accessibility through a broad network of branches, ATMs and digital channels that enable customers to conduct transactions conveniently and securely.

In terms of scale, Al Rajhi Bank is recognised as one of the largest financial institutions in the Kingdom of Saudi Arabia, measured by both asset size and market capitalisation, and it consistently ranks among the top banks in the region. The bank operates hundreds of branch locations across Saudi Arabia’s urban and rural areas, supported by thousands of automated teller machines that provide cash withdrawal and deposit services to the public. Its international footprint includes offices in countries such as Malaysia, Kuwait and the United Arab Emirates, where it offers wholesale banking, treasury and investment services tailored to local market needs. The institution’s extensive reach enables it to contribute significantly to the financing of infrastructure projects, real‑estate development and trade flows within the Gulf Cooperation Council region.

A distinguishing attribute of Al Rajhi Bank is its status as the world’s largest Islamic bank by capital, with all of its products and services structured to adhere to Sharia law under the oversight of an internal Sharia committee. This focus on Islamic finance differentiates it from conventional banks and has driven the development of specialised offerings such as Murabaha, Ijara, Sukuk and Takaful‑linked solutions. The bank also places strong emphasis on innovation in digital banking, having launched mobile applications, online platforms and contactless payment solutions that aim to enhance customer experience while maintaining security. Notably, in October 2014 the bank was affected by a malware‑based ATM attack in Malaysia, where criminals used compromised CDs to extract cash from several of its machines; the incident was contained without customer data loss and highlighted the bank’s exposure to physical‑security threats despite its robust digital defences.

Structurally, Al Rajhi Bank is a publicly listed joint stock company traded on the Saudi Stock Exchange (Tadawul) under the ticker symbol 1120, with ownership dispersed among Saudi nationals, institutional investors and international shareholders. It is not a subsidiary of any larger financial conglomerate and is governed by a board of directors that includes independent members, executive officers and representatives appointed to ensure compliance with both banking regulations and Sharia requirements. The bank’s corporate governance framework incorporates regular audits, risk‑management committees and transparent reporting practices to meet the expectations of regulators, investors and the broader public.