Al Rajhi Banking and Investment Corporation Overview
Pro stress-test →Al Rajhi Bank is a prominent financial institution headquartered in Riyadh, Saudi Arabia, recognized as one of the world's largest Islamic banks operating in accordance with Shariah principles. In 2024, the bank achieved revenue of SAR 29.94 billion with earnings of SAR 18.69 billion, representing growth of 15% and 18% respectively.
Strategic Profile
Pro stress-test →The bank operates through four segments: Retail, Corporate, Treasury, and Investment Services, Brokerage, and Other. Al Rajhi is at the forefront of digital banking, providing cutting-edge mobile and online banking platforms. Al Rajhi commanded 22% of total Saudi banking earnings in 2025, with total loans growing 12% to SAR 3.1 trillion and customer deposits increasing 9% to SAR 2.95 trillion.
Competitive Landscape
Pro stress-test →Al Rajhi Bank (22% of 2025 earnings) competes with Saudi National Bank (26% of earnings) as the two dominant forces in Saudi banking. The Islamic banking segment is relatively concentrated, with Al Rajhi commanding significant market share in Shariah-compliant products. Al Rajhi significantly contributes to the growth of Islamic finance with an extensive network of branches and ATMs across the country.
Industry Context
Al Rajhi Banking and Investment Corporation operates in Islamic Banking & Financial Services.
Key facts
Founded: 1957 · Headquarters: Riyadh, Saudi Arabia · Employees: 23,437 · Revenue: $29.94B SAR (2024) · Market cap: $404.4B SAR