Al-Rajhi Bank Overview
The Al-Rajhi Bank is a banking and financial firm providing their services in Saudi Arabia.
The company founded in 1957. The main headquarters of the company situated in Riyadh, Saudi Arabia. Additional, the also has six regional offices.
The revenue of the company was SR 6.35 billion in 2016 whereas the operating income of the company in the same year was SR 8.43 billion.
The company offers its financial services through more than 13,077 employees.
The banking firm controls several brands named as Al Rajhi Capital, Al Rajhi Takaful Agency, Al Rajhi Development Company and Al Rajhi for Administrative Service Company.
As of 2015 records, the banking company was the largest bank in terms of capital.
The company banking branches are also situated in Kuwait and Jordon. In Saudi Arabia, they are the second-largest bank.
The company also operates a subsidiary in Malaysia. The financial firm controls more than 24 branches in Malaysia.
Al-Rajhi Bank Details
The Al Rajhi Bank founded by four brothers named Sulaiman, Saleh, Abdullah, and Mohamed who are from Al Rajhi Family. Al Rajhi Family is the wealthiest family in Saudi Arabia.
The Bank opened its first ladies branch in 1979 at Almasi. In 1989, the company changed to Al Rajhi Banking and Investment Corporation.
In 2014, the company released the first fully automated, no employee branch in Riyadh.
In September 2016, the Al Rajhi collaborated with the Ministry of Housing. In Saudi Arabia, the Bank has more than 4,700 ATMs.
The company provides several types of Credit Cards to customers named Platinum Murabaha Card, Murabaha Infinite Card, Human Card, Shopping Card, and Al Rajhi Knights Card.
The Shopping Card of the company provides several benefits named as the best rate for the commission, easy to transfer, instant in more than 50 shops and points of sale.
References Taken
https://en.wikipedia.org/wiki/Al-Rajhi_Bank
https://www.alrajhibank.com.sa/en/pages/default.aspx