About Al Rajhi Bank
Al Rajhi Bank is a financial institution that operates in the banking sector. The bank offers a range of services including personal and business banking, financing, insurance, and savings products. It primarily serves individual consumers and businesses. It was founded in 1957 and is based in Riyadh, Saudi Arabia.
Latest Al Rajhi Bank News
Feb 19, 2024
Reuters/Ahmed Yosri Saudi Arabia's benchmark index dropped 0.4% and was on course to snap a 12-day winning streak, hit by a 1% fall in Al Rajhi Bank Ateeq Shariff, Reuters News PHOTO Most major stock markets in the Gulf fell in early trading on Monday after data showed U.S. producer prices increased more than expected in January, adding to concerns over inflation and dampening hopes for early rate cuts by the Federal Reserve. U.S. producer prices increased more than expected in January amid strong gains in the cost of services, which could amplify inflation worries. Most Gulf Cooperation Council countries, including the United Arab Emirates (UAE), peg their currencies to the U.S. dollar and follow the Fed's policy moves closely. Saudi Arabia's benchmark index dropped 0.4% and was on course to snap a 12-day winning streak, hit by a 1% fall in Al Rajhi Bank. Elsewhere, oil behemoth Saudi Aramco eased 0.2%. Oil prices - a catalyst for the Gulf's financial markets -fell as investor attention returned to the demand outlook on worries that sticky inflation and higher interest rates would limit fuel consumption growth. The Qatari benchmark lost 0.4%, hit by a 5% slide in Qatar Fuel Company. In Abu Dhabi, the index dropped 0.3%. Dubai's main share index gained 0.2%, with top lender Emirates NBD gaining 0.8%. (Reporting by Ateeq Shariff in Bengaluru, Editing by Bernadette Baum) Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here . © ZAWYA 2024
Al Rajhi Bank Frequently Asked Questions (FAQ)
When was Al Rajhi Bank founded?
Al Rajhi Bank was founded in 1957.
Where is Al Rajhi Bank's headquarters?
Al Rajhi Bank's headquarters is located at 8467 King Fahd Road- Al Muruj Dist, Riyadh.
Who are Al Rajhi Bank's competitors?
Competitors of Al Rajhi Bank include Emirates NBD and 1 more.
Compare Al Rajhi Bank to Competitors
Riyad Bank is a financial institution that operates in the banking and finance industry. The bank offers a wide range of services including personal and corporate banking, credit cards, loans, and digital banking services. It also provides various types of financing solutions such as personal loans, auto-lease loans, and mortgage loans. It was founded in 1957 and is based in Riyadh, Saudi Arabia.
Abu Dhabi Islamic Bank is a financial institution that operates within the banking industry. The bank offers a range of Shari’a compliant banking solutions, including personal and business accounts, debit and credit cards, financing options, and investment products. It primarily serves the financial sector. It is based in Cairo, Egypt.
Emirates Islamic is a regional bank that was established to deliver banking services in line with Shari'a principles.
Mashreq is a bank. The bank offers banking solutions such as credit cards, personal loans, investments, insurance, and more. It specializes in retail banking, treasury and capital markets, corporate banking, digital banking, international banking, and more. It was founded in 1967 and is based in Dubai, United Arab Emirates.
Qatar Islamic Bank is a leading provider of Islamic banking services, operating within the financial services industry. The company offers a range of Sharia-compliant products including personal finance, corporate banking solutions, and digital banking platforms accessible through ATMs, mobile, and internet applications. Qatar Islamic Bank primarily serves individual customers, small and medium enterprises, and corporate clients with a focus on digital innovation and international expansion. It was founded in 1982 and is based in Doha, Qatar.
Bank AlJazira (Tadawul: 1020) provides banking products and solutions. The bank offers a variety of services including online banking, personal and real estate financing, credit card services, and investment services. It primarily serves individuals and businesses. Bank Aljazira was founded in 1975 and is based in Jeddah, Saudi Arabia.