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Al-Rajhi Bank (RJHI) – Introduction and background |
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Al-Rajhi Bank is the world’s largest Islamic bank by capital and a major investor in Saudi Arabian businesses. Headquartered in Riyadh, the Kingdom of Saudi Arabia, the bank has over 600 branches in the GCC region and a subsidiary in Malaysia.
Founded in 1957 by four brothers of the Al Rajhi family, Al-Rajhi Bank was previously known as Al Rajhi Banking and Investment Corporation. The bank operates through four main segments: Retail, Corporate, Treasury, and Investment Services and Brokerage. It also provides various other services, such as cash management, supply chain finance, and real estate and engineering consulting.
Al-Rajhi Bank was first listed on the Saudi Arabian Stock Exchange (Tadāwul) in 1988, under the ticker symbol RJHI. Over the years, the bank has seen substantial growth, acquiring one of the largest customer bases in the local market.
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ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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