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Founded Year

1957

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.

Headquarters Location

8467 King Fahd Road- Al Muruj Dist Unit No (1)

Riyadh, 12263,

Saudi Arabia

+966-92000-3344

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Latest Al Rajhi Bank News

Mideast Stocks: Major Gulf markets fall on rate cut prospects

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.

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