Al Rajhi Bank among 15 largest banks globally by market capitalization

Logo of Al Rajhi Bank

Al Rajhi Bank achieved a new global milestone and became one of the top 15 banks globally in terms of market capitalization. The bank also topped others in the Middle East by reaching the highest market cap which amounted to about SAR 355 billion ($95 billion) as of Dec. 16, 2021.

Additionally, the bank’s attractiveness to foreign investors increased as the foreign ownership percentage of its shares exceeded 13%, making it one of the largest listed companies in the Saudi Exchange and contributing to the increase of foreign investments in the Kingdom, which is one of the goals of Vision 2030.

This market position and global confidence in the bank is a result of various successes achieved consistently since its inception, as Al Rajhi Bank continues to lead in through providing an integrated ecosystem of financial solutions for retail and corporate clients, which was positively reflected on the bank’s results during the past years.

The bank continues to excel in the banking sector and the business sector in general, as it previously won the first-place award for the best investor relations program within the Saudi Stock Exchange Awards 2020 as a result of the bank commitments to communicate with investors and shareholders by employing innovative ideas, and ensuring that all economic and other developments have been communicated with absolute transparency - an approach the bank has adopted since its inception.

The bank’s local and international achievements were made under the leadership of national talents who contributed through the bank’s values and vision to move forward and achieve more accomplishments, not only at the local level, but also at the regional and international levels.

The bank benefitted from the remarkable and continuous development of the financial system in the Kingdom and the fruitful cooperation with the regulatory authorities, foremost the Saudi Central Bank (SAMA), which were the biggest supporters and catalysts for accomplishing these achievements.

Through "Bank of the Future" strategy, the bank was able to achieve outstanding results in 2020 and during the current year. Among these achievements was its continued leadership in mortgage financing, and the development of its digital services at various levels to improve customer experience in accordance with the latest technologies and standards, which contributed to the bank ranking first place in Net Promoter Score in the banking sector.

In addition, the bank was able to introduce more digital services and solutions for the large corporate as well as medium and small companies to accelerate and facilitate their financial activities to support them during their growth journey as a strategic partner in achieving a diversified national economy.

Today, the bank launches its new identity, capitalizing on being a leading bank in the region to create a financial eco-system in a way that meets the prosperous future of the human being under the name "UNBANK THE BANK".