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Sulaiman Abdul Aziz Al RajhiBank owner
Country:
 Saudi Arabia |
Content:
Owner of Al Rajhi Bank
Sulaiman Abdul Aziz Al Rajhi, born in 1920, is the owner of the largest individual stake in Al Rajhi Bank, which is owned by his family. Together with his elder brother Saleh, he is the founder of the bank, which is nationally recognized as the most prestigious institution in Tadawul. The Al Rajhi brothers continue to be the main contributors to the largest bank, although their interests are not limited to this alone. They have numerous major investment projects in gypsum production, steel manufacturing, agriculture, and other industrial sectors of the economy.
Education and Family
Sulaiman Abdul Aziz Al Rajhi obtained his bachelor's degree in arts from King Abdulaziz University. He currently resides in Saudi Arabia and is married with 23 children. The Al Rajhi family is the wealthiest non-royal family in Saudi Arabia. Comprising of four brothers, the Al Rajhi family owns several enterprises across various industries, ranging from steel manufacturing to poultry processing. However, their primary source of income is the bank, recognized as the world's largest Islamic bank based on private capital.
Al Rajhi Bank
Founded in 1958 as a small private bank, Al Rajhi Bank now has a 50-year history. It has grown to become the largest financial institution with 12 branches throughout the country and in Malaysia. By 2010, the bank plans to expand its number of branches to 50. As the largest private financial institution, Al Rajhi Bank pursues an active investment and credit policy, serving as the main investor in Saudi Arabia's business world. The bank's positive image, high reputation, financial stability, and wealth over several decades make it a leader in banking services not only in Saudi Arabia but also in the entire region. The success of the Al Rajhi family in the processing industries and banking services is attributed to their approach and commitment to everything they do. Additionally, there is significant support for the Al Rajhi family business from the royal family, expressing well-deserved sympathy and respect for their activities.
