Founded in 1957, Al Rajhi Bank is one of the largest banks in the world in terms of market value and the largest in the Middle East and the Kingdom of Saudi Arabia, with total assets of 776 billion Saudi riyals, and a paid-up capital of 40 billion Saudi riyals (10.66 billion US dollars). Finance and an employee base of over 20,000 employees, with over 60 years of experience in banking and trading activities.
The various individual institutions bearing the name Al Rajhi were merged into the umbrella of “Al Rajhi Trading and Exchange Corporation” in 1978 and in 1988, the bank was established as a Saudi joint stock company under the name Al Rajhi Banking and Investment Company, which was later renamed in 2006 as Al Rajhi Bank.
Deeply rooted in the principles of Islamic banking, the Shariah-compliant banking group plays an essential role in bridging the gap between modern financial requirements and the core values of Islamic Sharia, while driving several industry benchmarks and development, with a well-established base in the Kingdom of Saudi Arabia, where the Bank has Al Rajhi has an extensive network of more than 513 branches, more than 4,660 ATMs, 556,409 NewLeap points of sale with merchants and the largest customer base of any bank in the Kingdom, in addition to 164 transfer centers throughout the Kingdom.
Now we review Al Rajhi Bank 1120 stock using our advanced indicators
Frame: weekly
We note that the price explosion occurred on August 30, 2020, with an entry price of 41.26.
Reaching the price of 117.40 on April 24, 2022
Thus, he achieved a profit of 184% for the investor
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