Formerly Known As
Al Rajhi Banking and Investment Corporation until February 2006
Principal Activities
Provides commercial banking services including deposits, loans and credit cards; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; asset management services including fund, portfolio and wealth management; brokerage services, all according to Islamic principles.
Date of Establishment Year
1978 (June)
No of Employees
9,578 (N/A Company, 9,578 Group, N/A Headquarters)
(As of Feb 25, 2011)
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31-Dec-2008 |
8,299 |
+4% |
17-Dec-2008 |
7,965 |
|
|
Acquistion
Status
Rumored
Acquirer
Target
Announcement Date
15 Nov 2011
Closing Date
15 Nov 2011
|
Major Shareholders  |
Section Updated: 12Sep11
|
|
|
|
|
|
|
Suleiman Bin Abdulaziz Saleh Al Rajhi
|
Private |
Saudi Arabia |
19.90% |
|
Saleh Bin Abdulaziz Saleh Al Rajhi
|
Private |
Saudi Arabia |
15.10% |
|
General Organization for Social Insurance - Saudi Arabia
|
Government |
Saudi Arabia |
9.90% |
|
Abdullah Bin Abdulaziz Saleh Al Rajhi
|
Private |
Saudi Arabia |
5.90% |
|
Public
|
|
- |
49.20% |
Note: Al Jabr Trading Company's shareholding is part of the public stake.
Foreign Ownership Limits
Section Updated: 29Dec09
100%
GCC Nationals
49%
Foreigners
|
Auditors
| PricewaterhouseCoopers Saudi Arabia |
Ernst and Young Riyadh |
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Total revenues  |
28,288,230
|
11,661,132
|
(58.78) |
| Net profit |
6,767,228
|
6,770,829
|
0.05 |
| Total assets |
170,729,729
|
184,840,910
|
8.27 |
| Paid-up capital |
15,000,000
|
15,000,000
|
0.00 |
| Shareholders' Equity |
28,740,884
|
30,317,789
|
5.49 |
| Shares outstanding |
1,500,000
|
1,500,000
|
0.00 |
| Market capitalization |
106,875,000
|
124,500,000
|
16.49 |
| » View Full Financials |
|
- 0.34%
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