Al Rajhi Bank
The Al Rajhi Bank is a Saudi Arabian bank and the world’s largest Islamic bank by capital based on 2015 data. The bank is a major investor in Saudi Arabia’s business and is one of the largest joint stock companies in the Kingdom, with over SR 330.5 billion in AUM and over 600 branches.
Al Rajhi Bank engages in the provision of banking, financing, and investment services. It operates through the following segments: Retail, Corporate, Treasury, and Investment Services and Brokerage. The Retail segment includes individual customer deposits, credit facilities, customer debit current accounts, fees from banking services and remittance business. The Corporate segment incorporates deposits, corporate customer deposits, corporate credit facilities, and debit current accounts. The Treasury segment provides treasury services and portfolios. The Investment Services and Brokerage segment incorporates investments of individuals and corporate in mutual funds, local and international share trading services, and investment portfolios. The company was founded in 1957 and is headquartered in Riyadh, Saudi Arabia.