Founded in 1957, alrajhi bank is one of the world’s largest Islamic banks by market capitalization and the leading bank in Saudi Arabia and the Middle East. With assets exceeding SAR 867 billion (US$ 231 billion) and a paid-up capital of SAR 40 billion (US$ 10.66 billion), the bank employs over 21,000 people and serves more than 17 million customers, positioning it as a key player in the region’s financial sector. The bank’s origins trace back to its establishment as an exchange house, later transitioning into a full-fledged banking institution in 1988 as a joint-stock company. It rebranded as alrajhi bank in 2006. Today, it boasts an extensive network of 511 branches, over 4,600 ATMs, and more than 660,000 points of sale (POS) across Saudi Arabia. The bank also operates 153 remittance centers and has a global footprint through 28 international branches across three countries. In addition to traditional banking, alrajhi bank is a leader in digital transformation and has made significant investments in the fintech sector. It owns several fintech companies that drive its digital innovation, enhancing digital banking services and improving customer experience with cutting-edge solutions. These efforts ensure the bank remains competitive in the fast-evolving financial landscape and a leader in fintech.

With its “Harmonize the Group” strategy, alrajhi bank aims to create a unified, customer-centric ecosystem that offers seamless and diversified financial solutions. The bank is focused on delivering a best-in-class experience for both business and individual clients, driving product penetration, and diversifying its customer base. As the world’s largest Shariah-compliant bank, alrajhi bank plays a crucial role in supporting the economic transformation of Saudi Arabia and beyond, aligning with the Kingdom’s Vision 2030 to promote sustainable growth, innovation, and economic development.