Al-Rajhi Bank

Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalization, has launched $1 billion in Additional Tier 1 sustainable sukuk, or Islamic bonds, a document from one of the banks arranging the deal revealed on Thursday.…
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Saudi Arabia is home to a third of Forbes Middle East’s “30 Most Valuable Banks,” with a 25 percent annual rise in the Kingdom’s entities’ accumulative market value. The 10 Saudi entries on the list — the same number as in the 2023…
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Saudi Real Estate Refinancing Co. and Al-Rajhi Bank have entered into an agreement to expand the pool of new housing options for the Kingdom’s residents. The deal involves the purchase of a real estate financing portfolio valued at SR5.8…
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The Saudi Industrial Development Fund (SIDF) signed an agreement with Al Rajhi Bank to provide a documentary credit service, SPA reported. The fund aims at stimulating the growth of national industries through the partnership with the…
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Saudi oil revenues are expected to reach SR545 billion ($145.3 billion) by the end of 2021, while total state revenues could reach SR925 billion, according to a note from Al-Rajhi Capital on the Saudi budget forecast released today. The…
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