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.

www.alrajhibank.com.sa/

Mr. Abdullah S. Al-Rajhi


Chairman of the
Board of Directors
of Alrajhi bank

Mr. Abdullah Suliman Al Rajhi is the Chairman of the Board of Directors at Alrajhi Bank.

With a career spanning more than 35 years in banking and financial services, he has worked in different capacities and roles and risen to the leadership positions such as Managing Director and CEO at Alrajhi bank, where he played a key role in shaping the institution’s long-term success and position the bank as one of leading financial institutions globally.

He has played a major role in transforming Alrajhi Exchange and Trade Company, which originally specialized in FX services, into a full-service Bank that evolved into a Public Joint Stock Company. This transformation strengthened the institution’s market standing and expanded its presence in the capital market.

His strategic leadership also led one of the Bank’s most important transformation projects, focused on redefining the bank’s new identity. This included modernizing the bank’s branch network and launching new services like internet and phone banking. These services have become one of the most advanced digital solutions globally, strengthening Alrajhi Bank’s reputation as an industry leader in digital innovation, particularly in the retail banking segment.

He also spearheaded the establishment of Alrajhi Capital, a brokerage and investment group that is now one of the leading investment companies in the region. Mr. Abdullah Al Rajhi has also helped create other successful companies, such as Alrajhi Cooperative Insurance, which offers innovative insurance solutions.

With the growing importance of digital technology, under his leadership the Alrajhi group have launched companies like Emkan and Neoleap to provide end-to-end digital financial and payment solutions, allowing AL RAJHI Bank to stay at the forefront of banking innovation.
Alrajhi Bank has expanded its reach beyond its home country, with branches now operating in Jordan and Kuwait, as well as a fully owned banking subsidiary in Malaysia. This shows the bank’s growing global presence, based on Chairman’s vision and leadership.
In addition to his role as Chairman of Alrajhi Bank, Mr. Abdullah Al Rajhi serves as Chairman and Board Member for several other companies in different industries.
He holds a degree in Business Administration from King Abdulaziz University, and his contributions to banking and financial services are widely respected.

www.alrajhibank.com.sa/en/About-alrajhi-bank/Board-Members/Mr-Abdullah-S-Al-Rajhi