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Al Rajhi 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.
Yazeed Mohamed Al-Rajhi [1] (Arabic: يزيد محمد الراجحي; born 30 September 1981 [1] in Riyadh) is a Saudi businessman, entrepreneur, and business magnate. [2] One of the sons of businessman Sheikh Muhammad bin Abdulaziz Al-Rajhi, his origins trace back to the Al-Qassim region (Al-Bukayriyah), and his lineage traces back to the Bani Zaid tribe.
The Al Rajhi family is considered, by most in Saudi Arabia, as the country's wealthiest non-royals, and among the world's leading philanthropists. He established the Sulaiman Al Rajhi University in his hometown, a non profit university. The university's main focus is on health and Islamic banking, but contains other faculties as well.
Al-Rajhi Bank: مصرف الراجحي: Riyadh: 1957: 1120 Arab National Bank (ANB) البنك العربي الوطني: Riyadh: 1979: 1080 Bank AlBilad: بنك البلاد: Riyadh: 2004: 1140 Bank Aljazira: بنك الجزيرة: Jeddah: 1975: 1020 Gulf International Bank: بنك الخليج الدولي: Khobar: 2017
Jadwa Investment is the premier investment management and advisory firm in Saudi Arabia and the wider region. Headquartered in Riyadh with three regional offices, the firm has over SAR 70 billion in client assets under management and advisement.
Al Rajhi Bank Tower (Arabic: برج الراجحي) is a 205-m commercial skyscraper in the al-Muruj neighborhood of Riyadh, Saudi Arabia. The project was launched in 2006 and completed in 2017. [1] Designs for the sail-shaped tower have been drawn up by architects at Atkins.
The older Al Rajhi developed the systems and methods by which they recorded, traded and handled the money they received. Toward the 1950s, Al Rajhi sent his brother Sulaiman to Mecca to conduct the exchange business for pilgrims and business people who had frequented the area.
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