Al Rajhi Banking and Investment Corporation
1120.SR
Saudi Exchange65.20
SAR
-0.25
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Al Rajhi Banking and Investment Corporation
1120.SR
(Saudi Exchange)
Recent
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65.20
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div
yld
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ROIC.AI
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- Al Rajhi Banking and Investment Corporation Al Rajhi Banking and Investment Corporation (1120.SR), founded in 1957 and headquartered in Riyadh, Saudi Arabia, operates as the world's largest Islamic bank by capital and the largest bank in the Middle East by market capitalization; the institution provides a comprehensive range of Sharia-compliant banking and investment services through its retail, corporate, treasury, and investment services and brokerage segments, including current, family, investment, savings, future, and business accounts; personal, auto, motorbike, home, real estate, fleet, payroll, POS, contract, invoice, and working capital financing; credit and debit cards; employee fidelity, marine, engineering, machine breakdown, medical, property, liability, and cash-in-transit insurance products; documentary collections, letters of credit and guarantee, supply chain finance, and cash management services; real estate and engineering consulting, recruitment, micro consumer financing, finance lease, and small and medium-sized enterprise financing; digital payment systems, financial settlements, phone and online banking, mutual funds, local and international share trading, and other investment activities. The bank maintains an extensive domestic network of over 500 branches, more than 4,300 ATMs, 900,000 points of sale, and 136 remittance centers, primarily serving individual and corporate customers in Saudi Arabia with limited international presence through branches in Kuwait and Jordan and subsidiaries in Malaysia and Syria; it employs over 24,000 associates and reports total assets exceeding SAR 1,039 billion, a paid-up capital of SAR 40 billion, and net profits of SAR 18.41 billion in the first nine months of 2025. Recent strategic developments include the acquisition of a 65% stake in the Drahim app, a Saudi Central Bank-licensed financial management and robo-advisory platform, marking the first majority stake by a Saudi bank in a domestic fintech startup to enhance open banking, investment, and savings services; at the Money 20/20 conference in September 2025, the bank and its subsidiaries such as Neoleap, Emkan Finance, and Al Rajhi Takaful signed over 26 partnerships and memoranda of understanding with entities including Visa for Direct international transfers to over 30 countries, Google Pay for digital wallet expansion, NIUM for enhanced Travel Plus card currencies, Mozn for AI-driven fraud detection, ServiceNow and ejada Systems for digital operations, Groq for AI solutions, and others like Jisr, Elm, Takamol Holding, and Qsalary to advance digital financial services, insurance offerings, SME liquidity management via the Drahim Business platform, buy-now-pay-later options with Luzan, and cross-border support for international firms through AstroLabs; these initiatives align with the bank's "Harmonize the Group" strategy and Saudi Vision 2030 to foster fintech innovation and position the Kingdom as a global financial hub.