Regional rank: 8
Value: $4.27 billion
Al-Rajhi Bank, previously known as Al-Rajhi Banking and Investment Corp., is a Saudi Arabian bank and the world’s largest Islamic bank by capital.
Founded in 1957, Al-Rajhi is one of the biggest banks in Saudi Arabia with more than $88 billion in assets. It is a major investor in Saudi Arabian business and the first bank in the Kingdom to partner with the Ministry of Housing to increase home ownership by offering mortgages funded in part by the state.
Headquartered in Riyadh, Al-Rajhi has six regional offices, branches in Kuwait and Jordan, and subsidiaries in Malaysia and Syria.
Al-Rajhi operates through the following segments: Retail, Corporate, Treasury, and Investment Services and Brokerage.
In 2021, Al-Rajhi was featured in Forbes magazine’s World’s Best Employers, Global 2000 and World’s Best Banks lists.