About AlRajhi Bank
AlRajhi Bank is a company based in Riyadh (Saudi Arabia) founded in 1957.. The company has 13,077 employees as of March 31, 2018. AlRajhi Bank has completed 1 acquisition, including EJADA. AlRajhi Bank operates in a competitive market with competitors including Scotiabank, Bank of America, National Commercial Bank, Riyad Bank and Arab National Bank, among others.
- Headquarter Riyadh, Saudi Arabia
- Employees 13077 as on 31 Mar, 2018
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
13077
as on Mar 31, 2018
- Investments & Acquisitions
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Software Development Team
89 people
Sales and Marketing
47 people
Senior Team
35 people
Legal and Compliance
24 people
Leadership Team
19 people
Finance and Accounting
18 people
Human Resources and Administration
17 people
Product Management Team
10 people
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Funding Insights of AlRajhi Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by AlRajhi Bank
AlRajhi Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EJADA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A suite of IT service solutions is provided by EJADA.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AlRajhi Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alrajhi Bank Comparisons
Competitors of AlRajhi Bank
AlRajhi Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Bank of America, National Commercial Bank, Riyad Bank and Arab National Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Commercial banking and asset management services are offered worldwide.
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Commercial bank
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Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alrajhi Bank
Frequently Asked Questions about AlRajhi Bank
When was AlRajhi Bank founded?
AlRajhi Bank was founded in 1957.
Where is AlRajhi Bank located?
AlRajhi Bank is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of AlRajhi Bank?
Waleed Al Mogbel is the current CEO of AlRajhi Bank.
How many employees does AlRajhi Bank have?
As of Mar 31, 2018, the latest employee count at AlRajhi Bank is 13,077.
What does AlRajhi Bank do?
AlRajhi Bank was founded in 1957 and operates as a commercial bank headquartered in Riyadh, Saudi Arabia. Banking services, including retail and corporate finance, are provided across the region. In 2022, annual revenues of 10.29 billion were recorded, alongside a net profit of 4.52 billion. The bank is led by CEO Waleed Al Mogbel, with its online presence maintained through alrajhibank.com.sa.
Who are the top competitors of AlRajhi Bank?
AlRajhi Bank's top competitors include Scotiabank, Bank of America and National Commercial Bank.
How many acquisitions has AlRajhi Bank made?
AlRajhi Bank has made 1 acquisition, including EJADA.
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