Al Rajhi – is very popular in Western Asia when it comes to banking, Al Rajhi, Bank stands at the top of the list for that region. It has a great history starting from 1957, Al Rajhi has a very natural and good trust.
Al Rajhi has given regular and great performances throughout the year. It also complies with Sharia banking policies. Presently as of 2024, Al Rajhi Bank is the number one choice for investors who are looking to dive into Saudi Arabia’s (investing market). And if you are among them then you are in the right place before you invest in Al Rajhi – Bank stocks, below is all that you need to know.
Find out why you should choose Al Rajhi / Stocks
Natural Stable Growth: Throughout the years, Al Rajhi – Bank/stock has performed well in both earnings & assets. However global market condition was bad, and fluctuations happened every now and then, the bank had a very strong financial condition. Because Saudi Arabia’s top investors were also involved in it. It is 2024, and the bank (Al Rajhi – Bank/stock) continues to drive local and international investors who prefer stability.
Sharia-Compliant Investments: Al Rajhi – has its own selling factors as it is adherence to Islamic finance rules, ensuring among its customers that all of its products and services are Sharia-compliant. For any of the investors that is looking for legitimate investment to do, Al Rajhi might be a great pick. These are the factors that Al Rajhi’s has that lead it to drive loyal investors, and in the near further, strengthen its financial performance.
Receive Dividend: Al Rajhi – has a good background in providing attractive dividends to its shareholders. The Al Rajhi’s regular dividend payouts make it one of the top choices for investors who are also income-focused.
Saudi Vision 2030: Al Rajhi Saudi Arabia’s Vision 2030 planning, which targets to diversify the economy away from oil dependence, is why Al Rajhi stock is considerable. Day by day the country is growing its economic infrastructure, Al Rajhi, being a foremost financial institution, which is likely to play an important part.
| Frequently Asked Questions | answer |
| In what year was Al Rajhi Bank established? | Al Rajhi Bank was established in 1957. |
| What makes Al Rajhi Bank special? | Al Rajhi Bank is committed to the fundamentals of Islamic Sharia in all its banking operations. |
| What type of bank is Al Rajhi Bank? | Al Rajhi Bank is the largest Islamic bank in the world with a capital of SAR 808 billion (USD 216 billion). |
| Who owns Al Rajhi Bank? | Mohammed Abdul Aziz Al Rajhi is the owner |
| Where can we find Al Rajhi Capital? | The capital of Al Rajhi is located in Riyadh. |
| What is Al Rajhi Bank’s timing? | From 10:00 AM to 4:00 PM, open to customers in all its branches except Friday and the beginning of Eid. |
| What is Al Rajhi Bank’s global ranking? | Al Rajhi Bank is ranked 21st globally. |
| How many branches does Al Rajhi Bank have? | Al Rajhi Bank has one of the largest distribution networks in the Kingdom of Saudi Arabia, with 513 branches, 4,644 ATMs, 577,172 points of sale, and 163 money transfer centers. |
| How many employees can we find in Al Rajhi Bank? | Al Rajhi Bank has a strong workforce of 20,878 members. |
| Who is the CEO of Al Rajhi Insurance Company? | Saud Al-Ghunaim appointed CEO of Al Rajhi Takaful. |
| What is the name of the founder of Al Rajhi Bank? | Sheikh Saleh Abdulaziz Al Rajhi – Founder of the Bank. |
| What is the name of the largest shareholder in Al Rajhi Bank? | Abdullah Al Rajhi (2.179%) – the largest shareholder in Al Rajhi Bank. |
| Where can we buy Al Rajhi shares? | You can buy Al Rajhi shares from the Saudi Stock Exchange (Tadawul). |
| How do you get an Al Rajhi ATM card? | You can obtain an Al Rajhi ATM card by applying for the card through the Al Rajhi Bank app. |
| What is the full name of Al Rajhi Bank? | The full name of Al Rajhi Bank is Al Rajhi Banking and Investment Corporation. |
What are the major points that you need to be in touch – Al Rajhi
What is its Interest Rate? : Just like every bank, Al Rajhi’s profitability is sensitive to changes in its interest rates. In the year 2024, with global economic uncertainties and an inflation review, every customer/investor needs to keep an eye on interest rate trends in Saudi Arabia and internationally. Monetary policy changes might result in the bank’s lending margins and profitability.
Country’s Economic Stability: While Saudi Arabia has taken very important steps to diversify their wealth, the country’s overall stability is always a factor that needs to be taken care of. Political and economic shifts in the Middle East can crash the economic markets, that too in the banking sector. Moreover, Al Rajhi – has a strong track record of navigating such challenges.
Digital Transformation: Digital technologies are widely been used in the banking sector and it is growing rapidly. In Saudi Arabia, Al Rajhi is at the topmost of digital banking and investing in fintech and enhancing user experiences through digital sites/platforms. User also needs to check how well the bank continues to innovate and stay up-to-date/competitive in this digital age.
