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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. Its major shareholders are Al Rajhi family members, followed by foreign investment, including Vanguard, Fidelity, and SNB Capital.
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8th floor, CI Tower
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PO Box 93894
Abu Dhabi
United Arab Emirates
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ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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