AB:1120 AL RAJHI BANK

Al Rajhi Banking and Investment Corporation, together with its subsidiaries, engages in banking and investment activities in the Kingdom of Saudi Arabia and internationally. The company operates through four segments: Retail, Corporate, Treasury, and Investment Services and Brokerage. It offers current, affluent, private, and ladies accounts; personal, car, and home finance services; credit and debit cards; and motor, health, home, personal accident, and travel insurance products. The company also provides export and import documents, letters of credit, letters of guarantee, and e-trade services; cash management services; and small and medium enterprise banking products and services, as well as mobile and online banking services. In addition, it offers various corporate products, such as Bai Al Ajel, a financing facility that provides cash to customers; Murabaha contracts that allow customers to purchase raw materials, capital goods, and other consumables from local and international markets; Musharaka that enables customers to import goods and equipment; Istisnaa for financing real estate projects; Akar for investing in properties; and Erad that provides credit facilities against the assignment of rental income for a specific period for those interested in financing a real estate purchase. Further, the company provides treasury products, including deferred sales, direct investment, foreign exchange, and banknotes; and mutual funds, investment, and local and international share trading services. It operates 581 branches. The company was founded in 1957 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

148.80 SAR
As of 01/26/2022


Security Information
Category1:  Global Equity
Category2:  Common stocks
Category3:  Emerging markets
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  Saudi Arabia
Country of incorporation:  Saudi Arabia
IPO date:  10/25/2016
Stock exchange:    Saudi Stock Exchange
Exchange country:   Saudi Arabia
Market cap:   375,999,987,712 SAR
Current dividend yield:   1.60%
Sedol:      B12LZH9

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