Al Rajhi Bank
According to data from 2015, the Saudi Arabian bank Al Rajhi Bank is the largest Islamic bank in the world by capital. With about SR 330.5 billion in AUM ($88 billion) and more than 600 branches, the bank is one of the largest joint-stock enterprises in the Kingdom and a significant player in Saudi Arabia's economy. It has six regional offices in addition to its corporate office in Riyadh. In addition to having locations in Kuwait and Jordan, Al Rajhi Bank also has subsidiaries in Malaysia and Syria. The market value of Al Rajhi Bank is SR 302.80 billion.
Al Rajhi Bank's market cap was $80.77 billion as of April 2023. Al Rajhi Bank is now the 167th most valuable firm in the world based on market cap. The most recent financial reports for Al Rajhi Bank show that the company's current revenue (TTM) is $7.61 billion. The company generated $6.84 billion in revenue in 2021, an increase from $5.51 billion in 2020.
Founded: 1957
Headquarters: Riyadh, Saudi Arabia
Website: www.alrajhibank.com.sa