Al-Rajhi Bank

Al Rajhi Bank Saudi Arabia ( AlRajhiBank; Arab مصرف الراجحي, DMG Maṣrif ar - Rāǧiḥī ) is a Saudi Arabian bank with its headquarters in Riyadh.

Founder of the company is the Saudi billionaire Suleiman bin Abdulaziz al - Radschhi. Currently, the company is run by his four sons.

History

In 1978, the Bank was conducted under the name of Al Rajhi Trading and Exchange Corporation. In 1987 it was converted into a public limited company by decree of the King of Saudi Arabia and was named Al- Rajhi Banking and Investment Corp.. Since February 2006, she trades under the symbol Al- Rajhi Bank. In October 2006, the international business was started with a branch in Malaysia.

Operations

In businesses around 7,600 employees (as of 2011). The credit institution is - based on equity - the world's largest Islamic bank. In Saudi Arabia, it has 500 offices. 100 branches are expressly set up for women. There are 24 branches in Malaysia, the expansion of activities in Jordan and Kuwait is planned.