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Al Rajhi Banking & Investment Corp SJSC TADAWUL:1120

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Price:
54.40 SAR
Change:
+0.70 (1.30%)
Price open 54.10
Previous close 53.70
Market cap 136B
Volume 10.12M
Day high 54.70
Day low 53.80
Year high 76.90
Year low 51.00

About Al Rajhi Banking & Investment Corp SJSC

Al Rajhi Banking and Investment Corporation, together with its subsidiaries, engages in banking and investment activities in the Kingdom of Saudi Arabia and internationally. The company operates through four segments: Retail, Corporate, Treasury, and Investment Services and Brokerage. It offers current, affluent, private, and ladies accounts; personal, car, and home finance services; credit and debit cards; and motor, health, home, personal accident, and travel insurance products. The company also provides export and import documents, letters of credit, letters of guarantee, and e-trade services; cash management services; and small and medium enterprise banking products and services, as well as mobile and online banking services. In addition, it offers various corporate products, such as Bai Al Ajel, a financing facility that provides cash to customers; Murabaha contracts that allow customers to purchase raw materials, capital goods, and other consumables from local and international markets; Musharaka that enables customers to import goods and equipment; Istisnaa for financing real estate projects; Akar for investing in properties; and Erad that provides credit facilities against the assignment of rental income for a specific period for those interested in financing a real estate purchase. Further, the company provides treasury products, including deferred sales, direct investment, foreign exchange, and banknotes; and mutual funds, investment, and local and international share trading services. It operates 581 branches. The company was founded in 1957 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Overview
Name Al Rajhi Banking & Investment Corp SJSC
Exchange Saudi Stock Exchange
Sector Financial Services
Industry Banks—Regional
Country Saudi Arabia
Full time employees 13,439

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