How it started
History
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. The bank was started by four brothers: Saleh, Sulaiman, Mohamed, and Abdullah of the Alrajhi family, one of the wealthiest families in Saudi Arabia. The bank initially began as a group of banking and commercial operations which, in 1978, joined together under the umbrella of the Alrajhi Trading and Exchange Company. The company changed to a joint stock company in 1987, and after two years was rebranded as the Alrajhi Banking and Investment Corporation. In 2006, the bank rebranded itself as Alrajhi Bank. It is traded on the Saudi Arabian Stock Exchange (Tadawul), and around 75% of their shares are publicly owned. Alrajhi family members are the bank's largest shareholders.
In 2006, after nearly 50 years of operation solely within Saudi Arabia, the bank launched in Al Rajhi Bank Malaysia, signifying its first foray into international banking.
Alrajhi Bank was ranked first on Forbes Middle East's 30 Most Valuable Banks 2025 list. It also ranked fifth on Forbes Middle East's Top 100 Companies 2025 list.
From Wikipedia’s article on Alrajhi Bank, shared under CC BY-SA 4.0.2